"Despite the stomach churning volatility that we've seen recently with Towerstream (TWER), nothing has really changed regarding the firm's bullish outlook," says tech expert Paul McWilliams.

The editor of Next Inning newsletter explains, "Towerstream provides enterprise WiMax broadband services. Its base model is growing fairly steadily and should continue to do so going forward.

"Since there is very little new capital cost that has to be invested in this model, the marginal profit from this growth is very high. Therefore, time is on our side when it comes to making money from the base model.

Intel (INTC), whose related companies include Advanced Micro Devices (AMD) and Texas Instruments (TXN), did extremely well during the second quarter. You've got to like the stock at this point. It reacted very nicely in Tuesday's after-hours session following the release of the report, shooting higher by 7%.

The market has been crazy lately, but as Trey Thoelcke highlighted in his preview piece, Intel's stock is currently cheap relative to the industry average.

Texas Instruments (TXN), whose colleagues include Intel (INTC) and Qualcomm (QCOM), is one of those stocks I've been afraid to buy, but probably shouldn't be. When I discussed the chipmaker's fourth quarter, I was reluctant to issue a bullish call, even though I enjoyed the fundamental aspect to the story. Not long after that, the stock rose a few bucks.

I was looking for a margin of safety, but I guess it was already built into the shares. The one-year chart is looking mostly good. It's a little meandering, perhaps, but I guess that means you can take advantage of the dips.

I want to own Microsoft Corporation (MSFT) again. But I haven't gotten the kind of dip I've been looking for. One could argue I should therefore ignore looking for dips and simply buy the stock and dollar-cost-average the position.

I can't argue with such logic, but I had my heart set on a quick trade. Now that we're on the verge of the next earnings report from the software company, I'm particularly thinking about taking on some shares. In fact, I'm so eager to send in a buy order right now. What's stopping me?

I'm not the biggest Yahoo! (YHOO) fan, but I concede that the stock's bias over the last twelve months has been to move higher. At times, it has been a good trade for many market players. Tuesday, the portal issued its first-quarter earnings at the close of the regular session. Is the stock a buy or a sell after the news?

Well, if you go by the after-hours price action, you'd have to opt for sell. The shares shed 3.5% of their value once the market digested the data. But that's just an initial reaction, of course. Wednesday's price action may tell a different tale.

International Business Machines (IBM), whose colleagues include Hewlett-Packard (HPQ) and Microsoft (MSFT), did not disappoint with its first-quarter report, posted yesterday after the market close. However, Wall Street seemed disappointed. I'm not sure why; perhaps it's just a case of profit-taking.

In any case, the after-hours selling I saw on Monday wasn't too bad. At one point, shares were off by 2.8% -- not the worst post-earnings reaction I've ever seen. And I can tell you this: it doesn't dissuade me from feeling bullish on Big Blue.

Earlier this week, Intel (INTC) delivered an impressive quarter; I came away with positive thoughts about the chip maker's long-term prospects. Now, we have Advanced Micro Devices (AMD) and its own three-month release to ponder. How was the price action after Q1 results were posted on Thursday following the conclusion of the normal session?

Lousy, at least at the time I was writing this. Shares of AMD tumbled 5% in extended trading. Quite disappointing, when you think about it. After all, the stock had hit a new 52-week high during intraday activities before the report. And the volume? You couldn't ask for a better number of shares in play. There was great conviction behind the buying activity.

"Qualcomm (QCOM), a $63 billion San Diego-based company, has become that rare creature: a true technology franchise," says growth stock expert Stephen Leeb.

In his The Complete Investor, he explains, "With more than 11,600 U.S. and 54,100 international patents and patent applications, Qualcomm is the leader in wireless technology, supplying semiconductor chips to a huge array of wireless companies - from mobile phone companies to notebook computer manufacturers - around the world as well as licensing its technology for a fee."

Cisco Systems, Inc. (CSCO), an expert in networking, posted Q2 results on Wednesday after the bell. Judging by the data, the tech company is holding up okay.

The top line saw an increase of 8%. Net income came in at 40 cents per share, a 25% jump compared to the year-ago number. According to our earnings preview, 35 cents per share was the figure to beat. Score one for management.

Texas Instruments (TXN), a chipmaker whose related companies include Intel (INTC) and Qualcomm (QCOM), reported results for the fourth quarter on Monday after the bell. Profit growth was incredible, but it's difficult to call the stock a buy at this time, at least based on price action.

Revenues increased a whopping 27%. Earnings came in at 52 cents per share. That was more than 100% better than the adjusted 21 cents per share earned in Q4 2008. Operational cash flow went down 10%, but overall, you've got to call this a much improved quarter (a note on cash flow: it pretty much covered capital expenditures, dividends, and share repurchases, which is good news).

Google (GOOG) proudly posted its fourth-quarter numbers on Thursday after the bell, probably assuming it would see a bid once the market digested its performance. But it didn't happen. Instead, the market sold the company on what I would call a very good report. Are you getting the feeling that the bullish sentiment on Wall Street is fading away?

The search giant, feared by both Microsoft (MSFT) and Yahoo! (YHOO), among others, said it made $6.79 per share on a non-GAAP basis. Which means management grew the bottom line by a more than respectable 33%. According to our earnings preview, the market was looking for $6.43.

A big player in the tech sector is ready to report today. Google (GOOG) will publish Q4 results later this afternoon. Traders and investors alike get super excited when the search behemoth tells the world how it's doing.

I think the company will show that it's doing quite well. According to Earnings.com, expectations peg the per-share profit at $6.43. If that number is hit, then the growth rate will be a solid 26% (last year at this time, Google made $5.10 per share). Of course, most people aren't interested in hitting the projected stat, they want management to rise above it and demonstrate true earnings power.

I am looking forward to International Business Machine's (IBM) Q4 earnings report, which is scheduled to be released after the close of today's session. No, I don't have a trade going on with the shares, but I have a feeling the numbers are going to be pretty good for Big Blue. When I covered the company's Q3 data back in October, I found myself impressed. I firmly believe the fundamental strength is set to continue.

According to Earnings.com, IBM, whose colleagues include Hewlett-Packard (HPQ) and Microsoft (MSFT), is expected to deliver around $3.47 per share for the bottom line. Last year at this time, the company made $3.28 per share. So, investors might see an increase of around 6% in the metric.

Infosys Technologies Limited (INFY), a tech concern based in India that provides solutions in the IT field, has been extremely popular over the last year. The price for the American Depositary Share (ADS) is near a 52-week high. Earlier in the week, the company released its Q3 report. The market did not seem disappointed.

The top line expanded by over 5% on a year-over-year basis. Earnings per diluted ADS weren't as impressive, rising only 1.7% to 59 cents. That percentage gain translates to a mere penny increase. Net profit on a dollar basis was flat.

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

"Equinix (EQIX), the global data center operator, is one of the most tempting growth stock opportunities on the 2010 horizon," says Stephen Quickel.

The editor of US Investment Report explains, "Big banks, market data providers, telecoms and other technology-driven clients use the firm's data center platforms to reduce their own capital expenditures and operating costs."