According to the latest KPMG survey, technology-firm CEOs are feeling bullish about the economy and tech spending. So how do investors trade the news? Mark Stahlman, partner at TMT Strategies, and Brad Gastwirth, executive managing director at ABR Investment Strategy, discussed their best plays.“We’re going to have much stronger results in the second half than anyone’s expecting,” Stahlman told CNBC.
Stahlman said he favors companies such as Yahoo [YHOO 14.60 --- UNCH 
],Amazon.com [AMZN 116.22 --- UNCH ], VMWare [VMW 69.97 --- UNCH ] andCisco [CSCO 22.55 --- UNCH ] that play off of cloud computing and international growth.
],Amazon.com [AMZN 116.22 --- UNCH ], VMWare [VMW 69.97 --- UNCH ] andCisco [CSCO 22.55 --- UNCH ] that play off of cloud computing and international growth.“In addition to the four names, the big ones are going to do very well,” he continued.
“We’re going to have better than expected results from IBM [IBM 127.97 --- UNCH ], which is highly leveraged to infrastructure in the developing world; and Microsoft [MSFT 24.4095 --- UNCH ] is also going to do much better than people expect.”
], which is highly leveraged to infrastructure in the developing world; and Microsoft [MSFT 24.4095 --- UNCH ] is also going to do much better than people expect.”“And also, Intel [INTC 20.10 --- UNCH ] told us that they are going to double their top and bottomline growth in the next few years—and I believe they can,” he added.
] told us that they are going to double their top and bottomline growth in the next few years—and I believe they can,” he added.
The 'Secular Winners'In the meantime, Gastwirth said he is focusing on the “secular winners.”
“We like Apple [AAPL 258.09 --- UNCH ]. And Akamai [AKAM 43.00 --- UNCH ]is a derivative off of Apple which is also going to do well,” he said. “AndAtheros [ATHR 28.65 --- UNCH ] is an interesting name—they’re a play on Wifi.”
]. And Akamai [AKAM 43.00 --- UNCH ]is a derivative off of Apple which is also going to do well,” he said. “AndAtheros [ATHR 28.65 --- UNCH ] is an interesting name—they’re a play on Wifi.”
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