Tech Stocks to Watch

Friday, 26 Oct 2007 | 1:48 PM ET

Where can the traders be found this week? Deep in the heart of techs.

The Friday Trade
Setting-up your portfolio so you sleep well this weekend, with Jon Najarian, co-founder of OptionMonster.com; Alan Lancz, president of Lancz Global; and Stephen Porpora, William O'Neil managing floor broker

Microsoft's earnings "absolutely knocked the cover off the ball," OptionMonster.com co-founder Jon Najarian tells CNBC. "What do you do? I think you do get to the sidelines for the short-term, but long-term.. perhaps six months.. I think the stock goes up through 40, and probably is, in the first quarter of this next year, trading in the 42, 44 dollar level."

"Microsoft, Yahoo, all these companies are running on all cylinders right now," says LanczGlobal president Alan Lancz. "The strong stocks that are leading and can differentiate their product, I think there's still room to grow with technology.

But not all technology.

"We plan on reducing out technology overweight.. we started this week with selling companies like ADC Telecommunication. . . we don't see any really proprietary differential type product there, so I think you're going to have margin erosion," he said.

OptionMonster's Najarian will have his eye on Microsoft for some time. "I would take profits in the short term," he cautions, "and look for a chance to get back in around 33."

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  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.