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Hummer Winblad's Top 3 Tech Stock Picks: Google, LinkedIn And Salesforce

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Hummer Winblad's Top 3 Tech Stock Picks: Google, LinkedIn And Salesforce

Ann Winblad, co-founder of private equity firm Hummer Winblad, was on CNBC to discuss her top three tech picks: LinkedIn Corp (NYSE: LNKD), salesforce.com, inc. (NYSE: CRM) and Google Inc (NASDAQ: GOOGL).

LinkedIn

“It is not a human resource company, it’s a data company… I think they’ve monetized it quite well in human resources and they are just beginning to monetize it in revenue which is sales, bringing it into the enterprise. I think it’s going to be a big enterprise software company versus just an HR niche company,” Winblad said.

Winblad also compared LinkedIn to Salesforce, saying, “I think relative to Salesforce valuation, it’s just as valuable a company.”

Salesforce

“I do like Salesforce,” Winblad said. “I think it’s very hard to be an applications company and there’s really only one big new applications company and that’s Salesforce and like LinkedIn they are young. They’ve only done sales, now they are marching into marketing. So, their ability to upsell into other functionaries in the corporation, they are just starting that march right now.”

Winblad thinks that stocks of both LinkedIn and Salesforce could be up by 10 percent in the next 12 months.

Google

“Well Google does spend about 13 percent of its revenues on R&D and it’s really easy to understand Google’s core business because it’s been enormous, which is AdSense and ad sales, but if you look at what’s really going to happen, Eric Schmidt said at Davos, the Internet disappears because we see it everywhere, it's ubiquitous and I think Google is prepared to be that ubiquitous company,” Winblad said.

Twitter

Winblad mentioned that she won’t buy stock of Twitter Inc (NYSE: TWTR) and feels a company “needs to buy Twitter.”

Posted-In: Ann Winblad CNBC Hummer WinbladLong Ideas Media Trading Ideas Best of Benzinga

 

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