"Apple (NASDAQ: AAPL), a holding on our recommended buy list, delivered another blowout quarter, driven by booming sales of both the iPhone and its Macintosh computers," notes analyst Geoffrey Seiler.

In his BullMarket.com advisory, he suggests, "Overall, Apple's results are nothing short of amazing." Here, he provides an in-depth analysis of the quarter, his outlook, and the reasoning behind the boost to his longer-term price target to $270 a share.

"Apple sold 7.4 million iPhones in the quarter, 7% more than the year-ago quarter, and 3.05 million Macs, a 17% year-over-year increase. The end result was that the company posted a whopping 47% increase in Q4 net income.

"At 12 times trailing earnings, Hewlett-Packard (NYSE: HPQ) trades at a 21% discount to its three-year average valuation and looks cheaper than other U.S. computer giants," says blue chip advisor Richard Moroney.

In Dow Theory Forecast -- a newsletter that has been published for over 5 decades -- he looks at the firm's diversified position and the reasons behind his "long-term buy" rating on the shares.

"For a company that chose its name via a coin toss, Hewlett-Packard takes a deliberate approach to dealing with trouble; its founders designed their first factory so it could be turned into a grocery store if the technology business failed to grow.

"My mantra for investing in this dicey market is to focus on three non-negotiable demands: very solid balance sheet; large, installed customer base; steady cash flows; and dividends," says Jack Adamo.

In his Insiders Plus newsletter he looks at a technology stock that meets his criteria: Sybase (NYSE: SY). He notes, "Overall, this is a company I'm comfortable owning, even in a bad ongoing recession."

The advisor explains, "Sybase is an industry leader in software to manage, analyze and distribute information in the most data-intensive enterprises, such as financial services, telecoms, manufacturing and government.

"To put it concisely: It manages data and makes it available to the many different devices that use it, across the myriad communication protocols that must be traversed to accomplish that.

"The term cloud computing is nothing particularly new or complicated; it simply means that instead of having software on your home, office or notebook computer, you run applications over the Internet," explains Gregg Early.

In Personal Finance says, "It's the way of the future as computing becomes increasingly mobile." Here, he looks at a trio of plays on this trend: Amazon.com (NASDAQ: AMZN), Salesforce.com (NYSE: CRM), and Rackspace Hosting (NYSE: RAX).

"I would point out that I'm writing this article on Google Docs. This document is stored on a Google server farm, not on my office computer.

"International Business Machines (NYSE: IBM) has transformed itself into a dynamic consulting and computer services company that's leading the charge to help companies streamline efficiency and cut costs," says Ian Wyatt.

In his Top Stock Insights he explains, "And most investors are unaware of the change. In our opinion, that's why IBM trades with such an attractive valuation."

"The transformation of IBM means there should be some solid profits for investors who understand the changing face of business. It started in 2002. IBM bought out PricewaterhouseCoopers Consulting for $3.5 billion.

"One way to protect yourself in a difficult market environment is to buy shares in low-risk, blue chip companies; one outstanding examples is Microsoft (NASDAQ: MSFT)," suggest Kuen Chan & David Sandell.

In The Complete Investor, they explain, "The company is safe, strong, and able to grow even in a weak economy. It also has more than $25 billion in cash and equivalents and almost no debt."

"Microsoft is near ubiquitous in the computer world. Some version of its Windows operating system runs on roughly 90% of all personal computers, while its Office Suite programs have more than 550 million users.

"Apple (NASDAQ: AAPL), already on our recommended list selection, announced fiscal Q3 earnings after the bell last night that, to no one's surprise, easily topped Wall Street estimates," notes Geoffrey Seiler.

In his Bull Market.com advisory, he reviews the latest earnings report and offers his outlook for the shares -- including a boost to his price target for the stock.

"For the quarter ended June 27th, the company earned $1.23 billion, or $1.35 a share, up 15% from $1.07 billion, or $1.19 a share, a year ago. Analysts were only looking for EPS of $1.17.

"Microsoft Corporation (NASDAQ: MSFT), already a holding on our buy list, was added to Goldman Sachs' Conviction Buy List," says Bill Martin. In BullMarket.com, he offers the reasoning for his continued buy rating.

"Analyst Sarah Friar at Goldman recently raised her price target on the name to $29 from $25 saying, 'We are adding Microsoft to our Conviction List as we think the combination of better revenue drivers, improved expense management, and sizable cash balances provides more opportunities for bottom-line beats.'

"'Windows 7, Windows Server 2008 R2, Bing, Xbox 360 and new Halo content, Office 2010, and the Azure Cloud provide renewed innovation beyond anything we have seen in multiple years,' Friar wrote.

"Overall, we believe quality technology stocks offer above-average growth potential and attractive valuations," says Gregory Dorsey.

In Stephen Leeb's The Complete Investor, he explains, "International Business Machines(NYSE: IBM) has plowed ahead despite a daunting economic and business environment; we are adding the stock to our Growth & Income Portfolio."

"For prudent investors in this challenging economy, most of the major technology companies are financially solid, often with little or no debt and lots of cash on their books. This makes them good long-term vehicles even if the economy remains off the rails for a prolonged period.

"Google (NASDAQ: GOOG) remains the dominant search engine on the web," notes Paul Tracy. In his StreetAuthority Market Advisor, he views the stock as a solid buy for growth investors.

"In economic downturns, one of the first costs most companies cut is advertising. Not surprisingly, over the past year, most companies have slashed their advertising budgets in response to the severe economic downturn.

"But online ad spending has remained remarkably resilient. GOOG's system targets specific ads based on what users type into their search box, geographic location and other factors.

"Cisco (NASDAQ: CSCO), the bellwether company when it comes to performance in the tech industry, is hanging tough," says growth stock expert Toby Smith.

In his ChangeWave Investing he explains why "investors should own this stock before the economy shifts into a higher gear." Here's his review.

"As a true dominator, Cisco is beautifully positioned in several long-term secular trends including cloud computing and data center build-outs, unified communications, web-based video and telepresence.

"International Business Machines (NYSE: IBM) provides a good mix of rising earnings estimates, worldwide exposure and a safe dividend," says analyst Alex Kolb from Zacks Research.

"IBM was incorporated in the State of New York in 1911 as the Computing-Tabulating-Recording Co., changing its name to International Business Machines Corporation in 1924.

"And with the strength of its global on-demand model, IBM is experiencing strong revenue growth in all geographies, with robust growth in emerging markets worldwide.

"We are still finding attractively valued growers in tech," says quantitative analyst Richard Morney.

In his Upside stock advisory newsletter, he notes "We have found several especially promising tech stocks with solid track records, strong finances, and attractive growth prospects."

Here, the advisor reviews three stocks that earn his top 'best buy' rating: Akamai NASDAQ: AKAM), Synaptics (NASDAQ: SYNA) and TeleCommunications Systems (NASDAQ: TSYS).

"Earnings prospects for companies in the information technology (IT) sector are surprisingly resilient, and one of the best-placed and most recession-resistant IT stocks is IBM (NYSE: IBM)," notes Elliott Gue.

In Personal Finance, he adds, "In the recession of 2001, tech stocks were among the hardest hit groups in the S&P 500, but that was mainly a hangover from the technology bubble of the late 1990s that saw many big-cap tech firms soar to unprecedented valuation levels.

"The tech sector today bears no resemblance to what it was in the early part of this decade. The S&P 500 IT sector now trades at a slight valuation premium to the S&P 500 as a whole, and many of the largest names have impressive, cash-heavy balance sheets.

"Everyone who wants out has probably already done their selling," says Nate Pile, who sees a "sidways to up' market. In his Nate's Notes, the advisor sees opportunity in a trio of techs.

"My experience with market cycles continues to suggest to me that the odds favor a 'sideways or up' market over the next several months.

"Meanwhile, Apple (NASDAQ: AAPL) is technically still stuck in a trading range, I am very pleased with the leadership it has shown in the market over the past several weeks.