|Harris & Harris||$6.22||$4.92||(20.9%)|
|Taiwan Semiconductor ||$9.35**||$13.75||47.1%|
|S&P 500 SPDR||$120.04**||$134.20||11.79%|
Source: Yahoo! Finance.
*Tracking began on Aug. 7, 2008.
**Adjusted for dividends and other returns of capital.
I'm back on the scoreboard this week, but Mr. Market and I seem to have settled within a range that has kept me up at least 15 percentage points for most of the past year. Will my lead hold through the final summer of this three-year contest? A recent run of strong tech earnings reports gives me hope.
A little luck also helps. All four of the major indexes took losses this week -- a week that saw the end of terrorist leader Osama bin Laden -- with the small-cap Russell 2000, down 3.69%, leading the laggards. The S&P 500 ended down 1.72% while the Nasdaq closed off 1.6%. The Dow 30 fell 1.34%, CNBC reports.
But winners exist in every market, and at least one of this week's top dogs soared on a rich buyout offer. Applied Materials bid $4.9 billion for Varian Semiconductor
The week in tech
Buyouts have become common fare for tech investors as well, but this week was marked by a deal of a different kind. On Monday, TiVo
Finally, in earnings news, IPG Photonics
Finally, Demand Media temporarily assuaged some investors' fears by reporting better-than-expected first-quarter results. Revenue grew 50% before accounting for traffic-acquisition costs, and profit doubled to $0.06 share. The stock rallied by as much as 17% following the report yet remains off 30% month to date.
That makes sense. Demand's disruption of the traditional media business is driven more by price than innovation, and results could prove unsustainable. I'd much rather bet on technical changes that are reshaping industries. History tells us that when technology shifts take hold and become mainstream, billions in new stock market wealth are created.
Look at David Gardner. He produced a decade of 20% returns in the real-money Rule Breaker portfolio by betting on a collection of innovators and then holding them for the long term. Tom Gardner's "simpleton portfolio" was also a 10-year winner. I believe that, with my tech portfolio, I will achieve similar success.
Now let's move on to the rest of today's update:
- Taiwan Semiconductor continued its rally -- the stock is up more than 7% over the past month -- after the Semiconductor Industry Association this week confirmed continued growth in the chip sector. Overall semiconductor sales rose 0.4% from Q4 to Q1 and 8.6% over last year's first quarter.
There's your checkup. See you back here next weekend for more tech-stock talk. In the meantime, don't forget to keep up with my tech portfolio by adding these stocks to your watchlist today:
Fool contributor Tim Beyers is a member of the market-beating Rule Breakers stock-picking team. He owned shares of Akamai, Harris & Harris, IBM, Oracle, and Taiwan Semiconductor at the time of publication. Check out his portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool owns shares of Applied Materials, IPG Photonics, IBM, and Oracle and is also on Twitter as @TheMotleyFool. Its disclosure policy is tech-tastic.