Serious Money: AAPL, CSCO, GOOG, INTC, MSFT — not the only tech stocks
Posted by: in Stocks Money NewsFiled under: Rants and raves, Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), Cisco Systems (CSCO), Intel (INTC), Sony Corp ADR (SNE), Serious Money, Intuitive Surgical Inc (ISRG), Technology, Raytheon Company (RTN)
By definition a high tech stock is a stock in a technology sector, such as software, semiconductors, networking, or biotechnology according to Investorwords.com. That covers companies like Apple Inc. (NASDAQ: AAPL), Cisco Inc. (NASDAQ: CSCO), Google Inc. (NASDAQ: GOOG), Intel Corporation (NASDAQ: INTC) and Microsoft Corporation (NASDAQ: MSFT) that are all household names.
For some reason companies that are equally if not more tech focused are not thought of as tech stocks. However, can anything be more high tech than Intuitive Surgical, Inc. (NASDAQ: ISRG) that makes robotic surgical equipment, including the required software? I understand that ISRG is in the medical products industry but it is every bit a tech company. Why does that disqualify it from being discussed as a tech stock?
I would think Apple is becomming more and more a consumer products company with a retail component. It is the new Sony Corporation (ADR) (NYSE: SNE). Maybe it should switch to the NYSE?
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