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Top Techs for a Rebound


By Michael Kaye After a remarkably steep -- and quick -- decline, the stock market hit its low point on October 9, 2002. The subsequent sharp recovery has been led by the two sectors that had lost the most favor with investors: information technology and telecommunication services. Both areas have been the best performing groups -- as measured by S&P industry subindexes -- since the Oct. 9 lows, gaining nearly 40% each.

This upward move may be nothing more than a case of investors piling into the most heavily beaten-down sectors at the first whiff of a market upturn. But S&P analysts still think attractive opportunities are available within those two groups. In this week's screen, we've listed the stocks in the info-tech and telecom services group ranked 5 STARS (buy) by our analysts -- meaning that they're expected to outperform the overall market over the next 6 to 12 months.

Affiliated Computer Services (ACS)

ALLTEL (AT)

Analog Devices (ADI)

Cisco Systems (CSCO)

Electronic Arts (ERTS)

Fair Isaac (FIC)

Microchip Technology (MCHP)

Microsoft (MSFT)

Overture Services (OVER)

Symantec (SYMC)

WebEx Communications (WEBX) Kaye is a portfolio services analyst for Standard & Poor's


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