They also have a couple of
being the most visible but also
Why don't they focus on
? Most tech stocks are well off their highs because of product concerns revolving around the so-called "nothing new" drives (thanks, Vista) or because of overvaluation.
Consider, though, if you will, the case of Hewlett-Packard:
It trades at 13 times earnings with a forward price-to-earnings ratio of 15.
It's a big beneficiary of the semiconductor wars.
It has an unassailable printing and photography business when it comes to digital -- ask Kodak!
Great leadership in the form of Mark Hurd, an inspiring boss who has turned the company around.
I believe that this stock is so close to its highs for all of the reasons above. I suspect that it can go higher without any problem, simply because the valuation is so darned cheap.
This is a stock that has not been pulled down by all the bad news in tech. It is the No. 1 name to go to for hardware.
It is also an excellent place to hide for those who want tech.
At the time of publication, Cramer was long Microsoft.
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