WHY TECH HAS ROOM TO RUN

摘要

The S&P 500 information technology index rose 61% in 2009, so it's reasonable to ask if, in 2010, tech stocks have anywhere to go but down. Dig into the data, though, and you'll find reason for optimism. Prices are at about the same level they were in early 2008, and after recent boosts in earnings forecasts, the companies trade at about 14.8 times projected earnings, down from 16.9 two years ago.