TECH STOCKS FOR THE NEXT 10 YEARS

摘要

Technology trends can be easyrnto spot-iPod earbuds become ubiquitous, people casually use the term "Google" as a verb-but technology investing is hard. For every Apple and Google, there are plenty of tech companies that fail to turn their innovations into top-performing stocks. So how to pick the winners? The key is to find the companies best positioned to execute on massive shifts in the way consumers and businesses use technology. In the 1990s the rise of the personal computer translated into huge gains for companies like Intel and Microsoft, which had smartly positioned their processors and software, respectively, as essential components of virtually every PC sold. Dell, which found a more efficient way to manufacture and distribute machines, saw its stock soar: A $1,000 investment in PC maker Dell in 1990, held until the end of 1999, was worth some $890,000.