NEW YORK (TheStreet) -- Wall Street has an insatiable appetite for growth and no other sector has been able to satisfy such cravings better than technology. So it is only right that techs have long enjoyed above-average, if not shocking, valuations.However, high fliers come with high expectations to perform, as justification for these valuations. Some such as Apple ( AAPL) and Amazon ( AMZN) have been able to do this better than others, while names like Cisco ( CSCO) continue to find it difficult to get past the " prove it to us" attitude of Wall Street.
As I have said recently, today's version of the company is far different from what it was 15 years ago at the height of the PC industry. This time Microsoft has invested its resources and R&D toward a renewed commitment to giving consumers what they want -- and then some. The company that built the previous operating systems and forced corporate enterprises to conform or die has transitioned into one that seeks to embrace opportunities to expand growth outside the traditional PC and into the realm of mobility. To that end, it has partnered with ARM Holdings ( ARMH) to employ its chip technology into Windows 8. Furthermore, it enjoys a premium brand that not only dominates a segment of the market but has the potential to branch off further into emerging growth markets.