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Quarter-End Insights

Our Outlook for Tech Stocks

Several high-quality technology giants are currently available at attractive valuations.

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  • Bellwether Cisco spooked technology investors by providing conservative commentary and a lower-than-expected forecast for its fiscal second-quarter revenue.
     
  • Other technology heavyweights, including Oracle and HP, delivered a more optimistic outlook, implying Cisco's concerns were not widely shared in the industry.
     
  • We believe technology spending will remain solid heading into 2011 and that several high-quality technology giants are currently available at attractive valuations.

Michael Holt has a position in the following securities mentioned above: AMAT. Find out about Morningstar’s editorial policies.