3 Smart Technology Funds

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According to Stan Luxenberg, "With Intel and and other hardware companies reporting growing profits lately, technology funds have been soaring. ... Are technology funds headed for a fall? Not necessarily. While some hot stocks seem overpriced, the average technology fund has a forward price-earnings ratio of 16.4, compared to 14.1 for the S&P 500. The multiple seems reasonable since analysts expect the technology sector to increase sales at a 5% annual rate. That's a strong outlook at a time when the economy is expected to grow at a 3% to 4% rate." Read more here.

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