Although the tech sector hasn't had the best earnings season, Apple, Microsoft, and others still have solid long-term fundamentals and are trading at attractive discounts.
Morningstar analyst Michael Holt thinks any potential value in HP's purchase of Palm will be in developing unique tablet and netbook devices using Palm's WebOS not in the hypercompetitive smartphone market.
Apple stock analyst Rick Hanna sees Google CEO Eric Schmidt’s resignation from Apple's board as recognition of the firms' growing competition in the mobile phone and software space but does not see Google as a threat to Apple's long-term competitive advantage.