You Want Some Tech? Well Here's Where It's At

A lot of technology companies have shown a cloudy outlook for this coming quarter. Not a lot of people are spending extra money given the current economy. However, technology is the future and a few companies have been able to capitalize. The wireless industry and handhelds are where the money can be made.

AT&T and Verizon have been battling for the top spot in wireless. With Verizon's recent acquisition of Alltel, it has vaulted to the front. Verizon's fiber optic broadband business is the future and has added more subscribers over the last quarter. It is also aggressively pursuing FiOS TV which will give it exposure to television, phones, and internet.

The main reason I like Verizon is because of its deal with Research in Motion. Sure Apple's iPhone is nice but lets be realistic. It is all they have. With Steve Jobs gone for 6 months, it is all they will have for a while. RIM has been rolling out PDAs and the Storm, which has potential to rival the iPhone. RIM is already around 65% above its 52 week low is a severely depressed market. RIM has the potential to be huge in the future. With the success it has had the last quarter with the Storm, imagine the success it will have once people can afford to buy it.