Is Technology companies getting too expensive?

From Iris to OCK, Opensys,  Catcha, Censof, MNC, Extol & etc.  Some technology trading in Kuala Lumpor stock exchange is even higher than Google, Microsoft and may be even Facebook.  (Those without earnings).

Eventhough I am from Technology industry before and I feel the bubble is again developing.  The golden rule of any investment inclusive technology should be High Trading PE Price = High Growth + High Prospect.  We just missing all these elements and yet people keep chasing the stock price.

Probably there are insider news developing but when Bursa query.  A standard answer across which is unaware.

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