With the Nasdaq approaching its 15-year high some worry we may have a tech bubble on our hands. TheStreet’s Jim Cramer says we don’t. He says that what’s different this time around is that companies have actual earnings, users, revenue and tangible results to point to. With Apple at 15x, Microsoft at 13x, Cisco at 14 or 15x — that’s the opposite of a tech bubble, he says. If you add up all the companies that are really selling at so-called infinite PEs’, such as Workday, Salesforce and Red Hat, they wouldn’t equal to the size of Cisco ini 1999, he says. Cramer advises investors to stay focused rather than get distracted by tech bubble talk.
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