8 Tech Stock to Follow in 2008
Posted on January 18, 2008 - Filed Under Technology
Gorilla Trades bases its picks off of technical parameters gaging their potential for high yields resulting in a selection of stocks from a wide variety of industries. This is good for diversification. Here are some stock from the technology industry that are worth taking a look at in 2008.
1. Akamai Technologies’ Q3 indicated that the it has witnessed strong growth across all its core markets. AKAM reported a 45% YOY revenue growth to $161.2M, up 6% from the second quarter 2007. Its normalized net income of $62.4M is a 13% sequential improvement and a 49% increase YOY.
2. Amazon.com’s Q3 results and guidance for Q4 and FY ’07 clearly surpassed the street expectations. The company had a 38% YOY growth (after adjusting F/X gains) in net sales which marked $3.26Bn for Q3. This was driven by strong growth in the North American Segment and the International Segment – YOY growth of 42% and 33% (F/X adjusted) respectively. The net income increased 313% YOY to $80M.
3. Ctrip.com International is a leading aggregator of online travel booking services in China. The company has been a key beneficiary of the marked consumer shift in China over the past two years towards the more convenient and hassle-free e-ticketing vendors. Ctrip now effectively enjoys a near-monopoly in the Chinese online travel market due to its superior management execution, favorable brand positioning and reliable customer service.
4. Microsoft Corporation, a company worth around $390B, generates annual sales of around $60B; the company’s biggest challenge has been sustaining the percentage gains in revenues. We view its recent foray into the home entertainment software business and Microsoft’s server solutions as efforts to combat this challenge.
To read more about these interesting tech stocks and to see the other 4, click here.
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