Having Faith in Tech

Consider how deeply technology will penetrate developing countries, writes David Kirkpatrick of Fortune. "While we may seem to be living in grim economic times, tech companies are facing a future that is anything but grim. If you take the global view—and what technology company doesn't?—there really isn't much uncertainty. While things could slow down for a year or two, there is nowhere to go but up—way up," he writes. So who are the winners?

Among companies I believe are likely to benefit from these trends long term are globally-oriented ones including wireless equipment and phone-makers Qualcomm, Nokia, LG, and Samsung; infrastructure providers Cisco and Juniper; multi-faceted large tech companies IBM and Hewlett-Packard; telecommunications operators Deutsche Telecom, Telefonica, Vodafone, and BT; software firms Microsoft, Oracle, Symantec, VMware, and Salesforce.com; Internet companies Google, Yahoo, eBay, Amazon, and Facebook; and diversified global media companies News Corp., Time Warner (which owns Fortune and CNNMoney.com), Bertelsmann and the about-to-be-created Thomson Reuters.

Tags: developing countries | stocks | technology

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