Some Tech Stocks For You Techys
As a tech hungry male I am always looking for the latest and greatest gadgets to add to my pocket or home and more importantly innovative developers to add to my portfolio. However, most companies this year are doing horrendous and have not delivered a positive return on investment worthy of joining my portfolio.
On average, tech stocks are down about 20% for the year. Not a good sign considering the technology sector is typically one of the best performers year-over-year. After a few hours of Googling and researching a number of companies, I have come up with two stocks that have peeked my interest.
The first company I came across that is having a stellar year is Digital River Inc. (NASDAQ: DRIV). DRIV is an e-commerce company that provides solution for businesses in the software and high tech products industry offering many services ranging from online sales, web hosting and design to the actual delivery of tangible products. The company is up nearly 36% year-to-date.
The company received a major boost from stronger then expected second quarter results and should continue to grow despite current economic conditions. E-commerce saw sales of $36.2 Billion or an increase of 4.86% in the fourth quarter of 2007 amounting to an 18% jump from the previous period according to the U.S. Department of Commerce.
Another company that has always been on top of their game and continues to beat the market despite poor economic conditions is Qualcomm (QCOM). I don’t think this company needs too much introduction, as they are a staple of our community and have been a major market player for some time now. QCOM is up 18% year-to-date and has recently settled an ongoing patent law suit with Nokia. The financial settlement terms were not released to the public, however QCOM did state it will be receiving royalties from Nokia for 15 years for the licenses of the technology that was in dispute.
If you are like me and are looking for companies that are outperforming their peers and I don’t know one investor that isn’t. I recommend taking a closer look at these two ideas. After a few hours of research you will be able to decide if these companies fit your portfolio and to what extent.
On average, tech stocks are down about 20% for the year. Not a good sign considering the technology sector is typically one of the best performers year-over-year. After a few hours of Googling and researching a number of companies, I have come up with two stocks that have peeked my interest.
The first company I came across that is having a stellar year is Digital River Inc. (NASDAQ: DRIV). DRIV is an e-commerce company that provides solution for businesses in the software and high tech products industry offering many services ranging from online sales, web hosting and design to the actual delivery of tangible products. The company is up nearly 36% year-to-date.The company received a major boost from stronger then expected second quarter results and should continue to grow despite current economic conditions. E-commerce saw sales of $36.2 Billion or an increase of 4.86% in the fourth quarter of 2007 amounting to an 18% jump from the previous period according to the U.S. Department of Commerce.
Another company that has always been on top of their game and continues to beat the market despite poor economic conditions is Qualcomm (QCOM). I don’t think this company needs too much introduction, as they are a staple of our community and have been a major market player for some time now. QCOM is up 18% year-to-date and has recently settled an ongoing patent law suit with Nokia. The financial settlement terms were not released to the public, however QCOM did state it will be receiving royalties from Nokia for 15 years for the licenses of the technology that was in dispute.
If you are like me and are looking for companies that are outperforming their peers and I don’t know one investor that isn’t. I recommend taking a closer look at these two ideas. After a few hours of research you will be able to decide if these companies fit your portfolio and to what extent.
Labels: Digital River, New Media. E-Commerce, Nokia, Qualcomm, Tech Stocks
posted by "Staff" at
11:04 AM
