Large Cap Techs on Sale
With the markets taking a beating and the Nasdaq falling 9.2% in the third quarter, many believe there are great buying opportunities out there. With high margins and lots of cash on their balance sheets, the credit crunch may be less an of an issue for some of the biggest tech behemoths.
Here is a look at some of the biggest players in tech that have been beaten up in the past few weeks but still have expected double-digit earnings growth in the forward fiscal year. Of course a weakening economy may slow demand for their products and drive earnings expectations down in the future. Use this list as a starting point for more research.
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