By Louis Navellier of InvestorPlaceNEW YORK ( TheStreet) -- It has been a wild ride for technology stocks in 2010. The tech-heavy Nasdaq composite index went on a tear from February to the end of April, tacking on about 18% in a little over two months. Then the index gave almost all of it back as the market hit its May swoon and tech stocks were caught in the downdraft. So what's next for tech? I, for one, am banking on a big surge for small-cap tech stocks as the recovery slowly takes hold across the rest of this year. But don't think that means the entire sector is coming up roses. The fact is that the choppy stock market this year has made investors very picky and the breadth and power of technology stocks is thinning out. That means some big-name tech stocks are in for a fall in the coming weeks. To help you steer clear of these duds, here's my list of 9 famous tech blue chips to sell now:
Dell (DELL)Market Cap: $23.5 billion Dividend Yield: N/A
Electronic Arts (ERTS)Market Cap: $4.9 billion Dividend Yield: N/A Electronic Arts ( ERTS), manufacturer and developer of video game software available on gaming consoles such as PlayStation 3, Microsoft Xbox 360 and Nintendo Wii, has witnessed its shares slide 24% since May of this year. On top of that, revenue estimates this quarter are projected to be around 38% lower than this time last year, a trend that seems as if it may continue for the remainder of the year for ERTS stock.
Ericsson (ERIC)Market Cap: $34.5 billion Dividend Yield: 2.5% Failing to live up to earnings estimates for two of the past four quarters, outlook seems poor for communications networks provider Ericsson ( ERIC). Failing to make any significant gains this year, the ratings for Ericsson's earnings growth and operating margins growth are contributing factors to the status of this stock as a sell.
Google (GOOG)Market Cap: $148.9 billion Dividend Yield: N/A Search engine icon and online mainstay Google ( GOOG) has found itself in a slump the past few months. Since April, the company's stock is down 17.4%, following the same slope many of its industry competitors are facing as well. Google just made up with China in a bid to regain some of its clout in the communist nation, but the damage may already have been done in terms of market share and future performance.
McAfee (MFE)Market Cap: $4.9 billion Dividend Yield: N/A This established security technology company saw both its first quarter returns and its net profit margins drop off from last year's numbers. Headquartered in Santa Clara, California and employing more than 6,000 people, McAfee ( MFE) has been facing a downward spiral in the market since April of this year, underperforming its earnings estimates and posting more than 21% losses in that time period.
Microsoft (MSFT)Market Cap: $212.7 billion Dividend Yield: 2.1% Software juggernaut Microsoft ( MSFT) has fallen well below broader market averages in 2010. May and June have proved to be particularly difficult for investors, with MSFT returns trending downward almost 25% in that span. With new versions of Microsoft's Windows and Office recently released, shareholders will be looking for strong performances from these offerings to help the stock rebound next quarter. But with business spending still fairly weak, chances are that Microsoft may not see as many buyers as its shareholders hope.