Archive for August, 2007
Who Really Won the Search Game
Last night, I had the pleasure of attending a dinner held by the prestigious Capital Research and Management Company. With all the blogging about technologies, media companies and stocks it is certainly interesting that few bloggers ever mention CRMC. CRMC has been responsible for some of the most successful investments in media and technology. They often hold the #1 or #2 top position of institutional holdings at Internet giants like Google, Yahoo, TimeWarner, Microsoft and IAC. Click through on the links – think numbers like 512 million shares of Microsoft and 84 million shares of Yahoo. The people I met last night were warm, smart and very kind – they are also likely the smartest and most powerful folks in the room. Tech and media journalists often show up, take silly sideways pictures of posing CEO’s and fawn over or slam the executive team with little understanding that it is the big shareholders who decide whether the senior exexutives and their strategies stay or go. Hats off to CRMC’s investments and their smart, humble and low key profile.