Fool.com analyst Eric Bleeker says technology stocks look extremely attractive right now. The signs are everywhere: We have legendary investor Bill Miller calling IBM (NYSE: IBM) out for being "30-50%" undervalued. Also, by most valuation metrics, the sector has reached its cheapest point in two decades. Just last week, we had a $40 price target for Microsoft (Nasdaq: MSFT), which shows that investors are once again looking to the sector for deals.

However, Bleeker says the two most overlooked stocks right now are Seagate Technologies (Nasdaq: STX) and Western Digital (NYSE: WDC). The two companies make traditional hard drives and have experienced large rebounds in demand over the past year. However, they're both trading for P/Es between 4 and 5. That kind of valuation is understandable for a company that's road kill; but these two companies have strong businesses.

The real threat on the horizon is solid-state drives (SSDs), which could put a large dent in either of these company's businesses. However, there's still a wide price gap between the traditional hard drives Seagate and Western Digital make, and the up-and-coming SSDs. Given that, Bleeker believes these two companies will continue achieving profitability in the coming years as they draw strong demand for their hard drives and continue refining their own SSD strategy.

To see Bleeker's full thoughts on the subject, click the video below: