Tech Stocks: Symantec growing in online security

SYMANTEC CORP. $14 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 839.1 million; Market cap: $11.7 billion; WSSF Rating: Average) has agreed to buy U.K.-based MessageLabs for $695 million in cash. MessageLabs sells software that helps users protect their email and instant messages from spam. Symantec plans to use MessageLab’s technology to develop other online security products. Symantec holds cash of $2.3 billion, or $2.70 a share, so it can easily afford this purchase. Among tech stocks, Symantec is a buy.

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Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

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Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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