This story was updated from June 4th to include new economic data and additional analyst comments regarding monetary easing.NEW YORK ( TheStreet) -- Tech stocks such as Apple ( AAPL), IBM ( IBM) and VMware ( VMW) may benefit from the next round of quantitative easing from the Federal Reserve, speculated to be sometime in 2012. The Federal Reserve did not announce another round of easing at its latest policy meeting, but there were slight changes to the statement which signal the Fed may indeed act. "The Committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability," the FOMC wrote in a release.
Apple ( AAPL) is likely to benefit thanks to its significant overseas revenue, especially considering continued weakness in Europe, which Apple cited as a reason for its earnings miss in its third quarter. "Apple's international revenue was 61% in 2011, up from 56% in 2010," Evercore Partners analyst Ken Cihra said in an interview with TheStreet earlier this year. "Clearly a weaker dollar would help Apple," Cihra said. From Nov. 25, 2008, to March 31, 2010, Apple gained 146.3%, according to Google Finance. From Nov. 5, 2010 to June 30, 2011, shares gained 8.6%.
Evercore Partners' Cihra also sees IBM ( IBM) as well positioned. IBM's second-quarter revenue was $25.78, as the company noted currency pressures weighed heavily on the Dow component's top line. This missed Wall Street's forecast of $26.27 billion. IBM's expenses are in dollars, so a weaker dollar helps IBM, Cihra noted. The tech giant's Americas' revenue for the quarter was $11.1 billion, a decrease of 1% percent, while EMEA revenue plunged 9% to $7.9 billion. Asia-Pacific revenues increased 2% to $6.3 billion. From Nov. 25, 2008 to March 31, 2010, IBM shares gained 59%, according to Google Finance. From November 5, 2010 to June 30, 2011, shares gained 22.1%.
In an interview earlier this year, Rajesh Ghai of Think Equity noted that VMware could see a slight improvement in demand should the FOMC decided to enact a third round of QE. If companies cannot invest because of economic constraints, and some of those constraints are eased, this would spell good news for VMware, he noted. "About 40% of VMware's revenues