IBM $176.85 (New York symbol IBM; Shares outstanding: 1.2 billion; Market cap: $208.8 billion; TSINetwork Rating: Above Average; Dividend yield: 1.7%) recently bought two companies that will strengthen its software business.
IBM is paying $387 million for privately held Algorithmics. This Toronto-based firm makes software that helps banks and insurance companies analyze a wide variety of data, and make better lending …read more »
Adobe Systems Ltd., symbol ADBE on Nasdaq, makes software that lets computer users create, edit and share documents in the popular PDF format. As well, graphic designers use Adobe’s software to create print publications and web pages. The company also makes Adobe Flash, which lets web site developers make web pages more interactive by adding animation and video.
In its third …read more »
Members of our Inner Circle service often ask about technology stocks. Recently, I replied to this question concerning a Canadian stock that processes materials that have been in the news frequently these past few years, rare earth elements.
Q: Hi Pat: Could you give me your opinion on the following stock: Neo Material Technologies? I appreciate the advice! Thanks.
A: Neo …read more »
RuggedCom Inc., symbol RCM on Toronto, makes computer-networking equipment that is used in harsh environments. The company recently announced that it has teamed up with ABB Ltd. (symbol ABB on New York) to win a new contract from the Eastern Nebraska Public Power District Consortium. We cover ABB in our Wall Street Stock Forecaster newsletter. Terms of the agreement were …read more »
International Business Machines Corp., New York symbol IBM, is the world’s biggest computer company. As one of the oldest tech stocks in the industry, IBM has been able to adapt itself to changes over the years.
In the past few years, IBM has shifted its focus from making computers to designing computer systems and managing them on behalf of clients. …read more »
CRITICALCONTROL SOLUTIONS, symbol CCZ on Toronto, sells services and software that help businesses better manage, access and store their information. CriticalControl gets about 60% of its revenue from clients in the oil and gas industry, followed by government (20%), health care (10%) and finance and retail (10%).
The company also makes traditional dry flow meters for natural gas wells, and electronic …read more »
Pason Systems, symbol PSI on Toronto, rents equipment that its customers use to monitor and manage land-based oil rigs.
Pason is one of the technology stocks we analyze in Stock Pickers Digest, our newsletter that recommends stocks for the part of your portfolio you devote to aggressive investing.
It also provides communication systems, such as its satellite system, which companies use …read more »
Google has become one the world’s best-known brands since it was formed in 1998. For many Internet users, the Google search engine is the only way to find information online.
Under Google’s business model, it gives away most of its products and services for free, then makes money by selling ads. Google is drawing advertisers away from traditional print and TV …read more »
HEWLETT-PACKARD CO. $25 (New York symbol HPQ; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 2.1 billion; Market cap: $52.5 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.hp.com) dropped sharply last month, after it announced a major transformation.
Its plans include selling or spinning off its personal computer operations, which supply 30% of its revenue. Computer …read more »
AGILENT TECHNOLOGIES INC. $33 (New York symbol A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 348.1 million; Market cap: $11.5 billion; Price-to-sales ratio: 1.7; No dividends paid; TSINetwork Rating: Average; www.agilent.com) paid $1.5 billion for Varian Inc. in May 2010. This company makes testing equipment for medical-research labs. Demand for this equipment is less cyclical than Agilent’s electronic-testing …read more »
Tech stocks are a category of companies that are involved in the development and production of technology, such as electronics or software. With high research and development budgets, these stocks rarely pay dividends and are often classified as growth stocks. The best of these companies use their high research and development spending to make products that will give them an advantage in a competitive industry.
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