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Current DateTime: 03:11:31 21 Nov 2009
LinksList Documentid: 30328029
5-Star Manager's 5 Top Stocks
Published: Monday, 6 Jul 2009 | 1:41 PM ET
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By: CNBC.com

Five-star fund manager Richard Parower seeks "growth at the right price" — and he says there's plenty to be found in technology stocks. The handler of the Seligman Global Technology Fund — up 26 percent year-to-date — shared his top picks with CNBC.

"We're still finding a lot of companies that sell products to enterpises. A lot of software companies still trading at very reasonable valuations," Parower said.

He also pointed to "companies in the security software business...with 8 to 10 percent free cash flow."

The fund manager likes "mostly" mid-cap names, though he will consider large caps 'when the opportunity arises."

Parower cautioned that the "next quarter or two" will still be "bumpy" — but said investors ought to be looking ahead a bit further anyway, to 24 months from now.

Recommendations:

Check Point [CHKP  Loading...      ()   ]

Symantec [SYMC  Loading...      ()   ]

Open Text [OTEX  Loading...      ()   ]

EMC [EMC  Loading...      ()   ]

NetApp [NTAP  Loading...      ()   ]

For Parower's take on Apple and Google, watch the full interview.

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Other Top Strategists:

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Disclosures:

Disclosure information was not available for Parower or his company.

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© 2009 CNBC.com
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