May 12 - Washington Technology - Since 2004, the price-to-performance multiples of publicly traded government technology services companies have trended downward, while the valuations of mergers and acquisitions have held their ground. Is this an anomaly, a reflection of the — until recently — easy money market conditions, or are there other factors at work? Just as important, is it rational, sustainable and likely to continue through this year and the next?
Although these questions were raised in 2007, the credit market turmoil in the past six months has prompted renewed examination of expected trends in transaction volumes and pricing levels. The impact of equity prices and debt market trends is not uniform. Read More.
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