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Tech Trends to Be Thankful for Today -- Part 2

Tim Brugger
November 21, 2012

Other than the odd day here and there, the Nasdaq hasn't performed well this fall, certainly not the way tech investors would like. Though up about 12% year to date, for October, and so far in November, the tech-heavy Nasdaq is in the red -- 4.46% and 2%, respectively.

In part two of tech trends to be thankful for, let's take a look at a couple more opportunities. The other two investment options I discussed -- NVIDIA and Cisco -- are both sound growth and income alternatives heading into 2013 and beyond. But NVIDIA and Cisco are hardly the only alternatives in the downtrodden tech sector.

A tech bargain for this, or any, holiday season
Since Intel's (NASDAQ: INTC) Q3 earnings were announced Oct. 16, shareholders have struggled through a steady 8.4% drop in share price. What makes Intel's decline even more painful is that it didn't exactly start from a high point. The fact Q3 profit was up 5% sequentially, non-GAAP earnings were 20% higher than analyst expectations, and margins remained at a solid 64% in spite of a $500 million increase in research and development expenses, did little to placate investors.

The problem? The usual: PCs are dying and Intel's domination in that market means it will die, too, along with the desktop. But thankfully, as discussed in a recent article, Intel is hardly resting on its laurels. It's already shipped six smartphones boasting the "Intel Inside" logo in the European market, including the Google-owned (NASDAQ: GOOG) Motorola Mobility Razr i.

As for the U.S. market, Intel's director of product marketing, Sumeet Syal, said Intel will begin "shipping some LTE products later this year and ramping into 2013." With the market's shift to 4G, this is a much-needed move on Intel's part, and it can't come too soon. Intel bears will cite Qualcomm's (NASDAQ: QCOM) existing 48% share of the smartphone processor market in Q2 of this year as too big a hurdle -- but counting out $97 billion Intel? Not a good idea.

As you know by now, the latest drop in Intel share price came after the