Technology companies are far from approaching frothy levels of 1999 and 2000 when measured by a few key metrics, said Kleiner Perkins Caufield & Byers partner and noted Internet analyst Mary Meeker at the Recode conference on Wednesday. “Technology company valuation excess?” Meeker asked in one of the slides in her closely-watched annual report on the state of the Internet. But her slides showed that global initial public offerings of technology companies totaled 41 last year. That compares with 310 in 1999 and 221 in 2000, the year the last Internet bubble burst.
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