Technology companies are flush with cash, which will fuel more mergers and acquisitions, Michael Price, senior managing partner for Evercore Partners, told CNBC's "
Price said, "We are absolutely seeing a continuation of the confidence and the continuation of investment" within the tech sector.
In addition, Price said, "if you take the top 15 tech companies there are $300 billion dollars of cash on the balance sheets," he said.
There are approximately ten companies (referred to as stack companies) that have $50 billion-plus in market cap. These massive "distribution forces," as Price called them, including Microsoft, IBM, Cisco, Dell, HP, EMC, Oracle, SAP, are a challenge to the smaller companies who are trying to survive, Price said.