Six Tech Stocks Worth Their Weight in Cash- Barron's
As the credit crisis continues, and as markets take some of the worst hits in years, Barron's Tiernan Ray picks six tech companies that are cash-rich and whose business are likely to hold up even in a softening economy.
The six stocks have market values between around $100M and $10B, market capitalizations less than two times their net cash and equivalents, and have boosted their net cash over four successive quarters.
The largest of the six is RealNetworks (RNWK), followed by Opnext (OPXT), TheStreet.com (TSCM), Microtune (TUNE), GSI Group (GSIG) and iPass (IPAS) is the smallest.
Of course, cash-rich tech firms could also become acquisition targets, as Napster (NAPS) did this summer with a $121M bid from Best Buy (BBY).
Trading at or near cash is no guarantee of success (case in point: Trident Microsystems (TRID)), and earnings estimates for the tech sector have been deteriorating, but by paying little more than what a company's cash assets are worth, investors should feel fairly comfortable in their positions.
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This article has 3 comments:
- Y.I.
- 128 Comments
Oct 12 04:04 PM- theteacher
- 3 Comments
Oct 15 07:56 AMcntf cash per share is 1.7 current price 0.9
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- WJ Murphsky
- 1 Comment
Oct 20 02:45 PMIf you want to invest safely, invest in a CD.