Be that as it may, it remains clear that Intel intends on maintaining its dominance among the semiconductors and has begun to lay down the foundation for its long term success. I think value investors -- or for that matter even growth investors looking for a safe investment in technology and one that pays a respectable dividend at 3.1% -- should buy now, especially when considering how low its P/E of 11 continues to be.

The Case for AT&T

Finally, there is AT&T, a name that I have always liked for its strong yield, which sits at just under 6%. However, I have become more enamored with the company for how it is preparing for the cloud as well as upcoming bandwidth demands relating to mobile phones.

From that standpoint, AT&T is clearly ahead of the curve as it offers what it calls "Synaptic Compute as a Service" along with its VMware ( VMW) vCloud Datacenter Service, a top-of-its-class offering that allows customers access to AT&T's virtualized servers to easily and efficiently alter their capacity as needs dictate. Some of the other features include avoiding procurement delays, reducing capex, speed provisioning and deployment while also responding quickly to business needs.

As great as that sounds, AT&T has been considered a safe haven of sorts for a number of years because of its solid market beating performances and now the future looks even brighter.

Furthermore, as the competition sorts itself out, the company's management is doing an excellent job of focusing on adding shareholder value. The iPhone deal has proven to be the game-changer that it needed to propel the stock going forward. But it continues to prove that it was more than just an iPhone distributor.

Bottom Line

Although there will always be a premium placed on growth companies, those that offer dividends make waiting for growth a tad easier. A dividend check can often be the difference between an investor holding through some tough economic times or opting to cut losses and move on.

Nevertheless, the name of the game is managing risk. To that end there are many ways to do it. Nonetheless, it is always prudent to maintain certain anchors within the portfolio such as the dividend payers highlighted above.

At the time of publication, the author was long AAPL and held no positions in any of the stocks mentioned, although positions may change at any time.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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