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Porter Bibb’s Betting on Big Data in Second Quarter

Tuesday, 2 Apr 2013 | 12:56 PM ET
Porter Bibb's Betting on Big Data in 2Q
Tuesday, 2 Apr 2013 | 12:06 PM ET
The technology sector is going to see significant upside in the second quarter, Porter Bibb of Media Tech Capital Partners says.

The technology sector is going to see significant upside in the second quarter, Porter Bibb of Media Tech Capital Partners said Tuesday on CNBC.

"We're going to see a nice lift," he said. "Tech is where it's all going to happen."

On "Fast Money," Bibb said that the sector's near-term growth potential was significant.

"We're in the middle of a sleeping revolution in technology, Big Data," he added. "It's been there almost as long as Apple TV has been talked about. But big data is changing the way everything works — industry, retailing, security."

Bibb noted that IBM had spent $16 billion in the last 2 years to acquire 35 companies in the space.

"They see it as a $20 billion add-on to their regular business," he said. "You're going to see the cloud storage companies that you guys talked about boom because of Big Data."

Bibb, who has more than 40 years of experience as an investment banker specializing in media and technology, also predicted that Facebook would unveil an Android-based smartphone on Thursday.

"I think that Facebook's got some serious, fundamental problems. They've never really figured out how to put advertising on mobile," he said. "And they think if they own the hardware and the software, maybe they'll attract some of Madison Avenue's money."

Bibb also said that the device will help Facebook compete with the likes of smartphone messaging app Kik, which boasts 400 million teenage users.

On Apple, Bibb weighed in on the bullish side, saying that he expected the company to release a new Apple iPad Mini and a new phone "for developing markets."

"Margins will be hurt, and they're going to have to face the reality of competition," he added.

Trader disclosure: On April 2, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Stephanie Link is long AAPL; Stephanie Link is long GS; Stephanie Link is long CSCO; Stephanie Link is long FB; Stephanie Link is long ORCL; Stephanie Link is long ACN; Mike Murphy is long AAPL; Mike Murphy is long BAC; Mike Murphy is long HTZ; Steve Weiss is long BAC; Steve Weiss is long AKAM; Steve Weiss is long HK; Steve Weiss is long BBRY; Steve Weiss is long CYH; Steve Weiss is short BHP; Steve Weiss is short RIO; Steve Weiss is short VALE; Steve Weiss is short AKS; Pete Najarian is long AAPL; Pete Najarian is long JPM CALLS; Pete Najarian is long YHOO; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long AMZN CALLS; Pete Najarian is long PFE.

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AAPL
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IBM
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FB
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GOOGL
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