Top Stories
Top Stories

Old tech can be new again: BlackRock

VIDEO2:4402:44
BlackRock: Old tech is king

Don't count them out just because they're old.

Companies such as Microsoft, Qualcomm and Intel still have legs, and their shares have room to run, BlackRock portfolio manager David Cassese said Monday on CNBC.

"You started out having attractive valuation, companies becoming increasingly dividend-focused, cash-return focused, and that's attracting attention. But ultimately, there are several of these old-tech companies that are going to cross the chasm," he said. "They're going to make it into the new-tech world where the world's going."