Technology companies are flush with cash, which will fuel more mergers and acquisitions, Michael Price, senior managing partner for Evercore Partners, told CNBC's "The Strategy Session," on Friday.
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.