Technology company

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As a technology company, companies are called, their business model in particular relied heavily on research and development activities is based. They are particularly innovative and generate their sales mainly with newly developed products and processes. A relatively high economic risk is typical for technology companies, since the technical processes used have not yet been fully tested, but also particularly high opportunities due to their unique position based on innovations .

Listed technology companies

At the time of the new economy boom around 1998–2000, the term was further restricted in the stock exchange environment to fast-growing, rather young companies (young technology companies, JTU) from industries such as electronics , information technology and biotechnology . The acronym TMT for "technology, media and telecommunications" emerged, three sectors that were said to have particularly high growth prospects. Excessive expectations of these companies led to the TMT speculative bubble .

After the bubble burst, in 2003 Deutsche Börse introduced a new trading segment for “technology stocks”, that is, for shares in exchange-traded technology companies whose performance is mapped by the TecDAX share index (short for “technology DAX ”). The nickname “technology exchange” of the US computer exchange NASDAQ is also based on its focus on technology stocks.

Individual evidence

  1. ↑ Frank Pleschak: Marketing and Financing of Young Technology Companies: Securing the Success of Founding. Springer, 2013, ISBN 978-3322870988 , page 11; limited preview in Google Book search.
  2. ↑ Harald Rüggenberg: Strategic market entry behavior of young technology companies: Success factors in the marketing of product innovations. Springer, 2013, ISBN 978-3663090021 .
  3. ↑ Peter J. Krauss: Financial Planning in Practice. Springer, 2006, page 169; limited preview in Google Book search
  4. ↑ TecDax: Technology stocks under pressure. In: FAZ. May 14, 2008, accessed May 2, 2018 .
  5. ↑ Nasdaq sell-off offers entry opportunities. In: Wirtschaftswoche. April 11, 2014, accessed May 2, 2018 .