TECHNOLOGY spending is up, fueling profits and growth for companies ranging from Apple to Zynga. Might a new tech bubble be brewing? Parallels with the late 1990s are, by luck or design, tenuous. Stock prices are buoyant, but there are no stratospheric price-earnings multiples or wild tales of business plans being scratched out on napkins at lunchtime and financed the same day. Although U. S. venture capital investing rose last year for the first time since 2007, to $21.8 billion, it was a far cry from the record 898.6 billion in 2000, as tracked by the Pricewaterhouse-Coopers/National Venture Capital Association Money-Tree reports, using data from Thomson Reuters.
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