Microsoft has had an impressive run over the past 18 months, now just a touch off the highs, but the story is still compelling for investors. Stephanie Link and Jim Cramer initiated a new position in the Action Alerts Plus portfolio as they look to add more tech exposure with capex trends improving. Not only is the valuation compelling, but Link believes in the new management team and its ability to execute on the restructuring plan. Other names in tech Link likes are Facebook and Google, the sweet spots within the tech sector, and Oracle makes for a good value play. TheStreet’s Jill Malandrino reports in New York.

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