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5 Blue-Chip Tech Stocks to Unplug Now

These companies won't provide you with explosive growth

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Microsoft

MicrosoftNew185 5 Blue Chip Tech Stocks to Unplug NowMicrosoft (MSFT) sold off sharply after earnings thanks to a $900 million charge related to Surface tablet inventory adjustments and a big miss on profits.

And unfortunately, with continued headwinds in mobile and the decline of its Windows empire, this trend is going to continue for some time.

The tech giant still is up more than 19% year-to-date in 2013, is hoarding $77 billion in cash and boasts a 2.9% dividend yield … but don’t fall into the trap of thinking Microsoft is a bargain.

Despite posting more than $5 billion in profits, its quarterly earnings were down about $1 billion from the previous report. That’s not a rounding error.

Microsoft has a host of negative headlines across the last several months, including the loss of its CFO, the Xbox One is rolling out even as the division leader jumped ship and the threat of activist shareholders shaking things up.

Couple these distractions with mobile troubles and the secular decline of its PC-based businesses, and you have a tough road ahead for this tech blue chip.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/5-blue-chip-tech-stocks-to-unplug-now/.

©2014 InvestorPlace Media, LLC

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