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‘Old tech’ shows it still has bite for investors

from the US Department of Defense, a huge win for a company that many had written off in the competition against Amazon. Although there may have been other factors in Microsoft’s victory — President Donald Trump reportedly lobbied against Amazon due to its founder Jeff Bezos’s ownership of the Washington Post — it symbolised a revival of fortunes for some of tech’s old guard, which has been mirrored on the stock market. The post-crisis bull market has been dominated by technology stocks, and especially fast-growing, glamorous names like Facebook, Amazon, Netflix and Google. Read More...

from the US Department of Defense, a huge win for a company that many had written off in the competition against Amazon. Although there may have been other factors in Microsoft’s victory — President Donald Trump reportedly lobbied against Amazon due to its founder Jeff Bezos’s ownership of the Washington Post — it symbolised a revival of fortunes for some of tech’s old guard, which has been mirrored on the stock market. The post-crisis bull market has been dominated by technology stocks, and especially fast-growing, glamorous names like Facebook, Amazon, Netflix and Google.

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