Two Techs Buck the Headwinds
Besides the juggernaut known as Apple (AAPL), some areas of the technology space face challenging times. One of the informational nuggets that came out this week was that the global semiconductor market is forecast to have its first quarterly decline in three years as slowdowns in Europe and China take hold. In addition, research firm Gartner now expects just 3% growth in worldwide spending on information technology in 2012 to $3.6 trillion. This has started to affect stocks within the technology sector. As just one example, ARM Holdings (ARMH) shares took an 8% dive Tuesday on the back of the global semiconductor forecast, as well as a downgrade to Sell by Deutsche Bank, and cautious comments from the company's CEO on the prospects for second-half demand.
To find good values in the technology sector, I want stocks on the opposite end of the spectrum. Here are two cheap, cash-rich tech stocks that received analyst upgrades in the last 48 hours. Both reacted positively to the positive comments and headed higher. Given their valuations, cash-rich balance sheets and improving technical support, they still look like they have further gains ahead despite headwinds in the technology sector....251 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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