Investors looking at Microsoft's reported loss for the quarter and 25% EPS drop for its fiscal year are missing the story. The software giant reported record free cash flow of $29 billion, and the company has important catalysts on the horizon with the launch of Windows 8 and Office 2013. Mobile-centric Windows 8 will allow Microsoft to play catch up to Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) in tablets and smart phones. Charly expects that Microsoft will continue its track record of annual dividend increases this September.

If you're a tech investor, the amount of Apple stock in your portfolio has been a key factor in whether you've been stomping the market in recent years. However, with the company preparing its most important phone launch in history with the iPhone 5 and looking at a game-changing television, the stakes have never been higher for Apple. If you're looking for how to play Apple in the coming months, The Motley Fool has created a brand new report listing not only the opportunities facing Apple, but also what to look for to know when to sell. The report not only comes with a write-up from one of our top analysts, but includes continuing updates whenever news strikes the company. Click here to get started today!