Do you think Snapchat was being short-sighted or thoughtful in turning down the bid from Facebook?I think it was certainly risky. But market optimism is running high… a lot of people think Instagram sold too early, but that was one of the main reasons we ended up buying Facebook because it showed that they were being smart in their acquisition strategy. It's hard to see right now how Snapchat will be able to monetize. It's an interesting little service though for sure. What would you say to value investors who think tech stocks are just too risky? I would say that valuation is useful but it's really only a snapshot. To return to the example of Instagram – it's not bringing in revenue at the moment, but it's certainly not worthless. That being said, if you don't delineate between a good technology company and a good technology investment: you're going to run into problems. Click on the interactive chart to see analyst ratings over time. Do you see investment opportunities in some of the Jacobs Fund's biggest holdings? Use the list below as a starting point for your own analysis. 1. Yahoo! Inc. ( YHOO): Operates as a digital media company that delivers personalized digital content and experiences, across devices and worldwide. Market cap at $36.07B, most recent closing price at $34.63.
2. Yelp, Inc. ( YELP): An online urban city guide that helps people find places to eat, shop, drink, relax, and play based on the informed opinions of a community of locals in the know. Market cap at $4.13B, most recent closing price at $63.06.
3. Facebook, Inc. ( FB): Operates as an integrated social networking site worldwide. Market cap at $112.65B, most recent closing price at $46.36.
4. Cisco Systems, Inc. ( CSCO): Designs, manufactures, and sells IP-based networking and other products related to the communications and IT industry. Market cap at $115.2B, most recent closing price at $21.42.
6. Ellie Mae, Inc. ( ELLI): Host electronic mortgage origination network in the United States. Market cap at $702.21M, most recent closing price at $26.63. ( Interview conducted by James Dennin, a Kapitall Writer. Analyst ratings sourced from Zacks Investment Research. All other data sourced from Finviz.)