Technology stocks have been on a run this week. Google, Cisco, Rambus and Hewlett Packard all advanced as tech companies converged on Las Vegas to show their stuff at the Consumer Electronics Show. Corporate America is ready for upgrades and preliminary sales numbers look strong. With many tech companies being beaten down over the past five years, valuations are more in line with Wall Street’s liking. Today Circuit City announced increased revenues from flat panel TV sales and Motorola will be introducing cell phones with a web-enabled Google search.
The iShares Network Index (IGN) and the iShares Semiconductor Index (IGW) are two tech of the most popular ETFs. Others can be found in today’s MarketWatch piece.
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