6 Buy and Hold Forever Tech Stocks

Do you think any stocks in the tech space are buy-and-hold forever stocks? Investment Underground took at look at the tech equity universe and pulled out a few buy and hold ideas. As always, use the list below as a starting point for you own due diligence. Apple Inc. (APPL): With its three recent product additions, Apple has successfully established itself in the consumer electronics industry. It has a loyal customer base that is devoted to its products and its brand. Apple has a market cap of $332.64 billion dollars and a P/E ratio of 17.10. Its market cap of $332.64 billion makes it bigger than any of its competitors which includes IBM (IBM), Hewlett Packard (HPQ), Cisco Systems (CSCO) and Intel (INTC). For the second quarter fiscal year ending on March 26, 2011 Apple had revenue of $24.67 billion compared to revenue of $13.50 billion for the second quarter of 2010. The second quarter profit was $5.99 billion compared with $3.07 billion in 2010. The biggest reason for Apple's increased profitability is the iPhone and the iPad. Revenue from the iPhone was $12.298 billion, up from $5.445 billion in 2010. The iPad, which is new and has no real competition, [...]

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