Today, GARTNER predicted that global chip revenues will increase 20% during the year 2010. GARTNER is a technology industry research firm monitoring the development of the technology industry worldwide.
Many companies within the IT and the technology industry are cash rich including giants such as Microsoft, Intel, Cisco Systems and many more. Technology did not participate in government bailout programs nor suffered any political backlash. This summer Microsoft will release their new version of OFFICE and WORKS. Together with their new operating system and Windows 7, their will be HUGH worldwide demand to upgrade PCs.
Microsoft (MSFT) is a must own for investors. Other companies such as Advanced Micro Devices (AMD),
Dell Computers (DELL) and Seagate Technology (SEG) will also do very well this year. For investors fearful of purchasing individual stocks, consider the tech options ETF (Exchange Traded Fund) XLK. XLK can be used as umbrella for the tech sector.