Technology stock expert Mark Mowrey finds the server virtualization market of recent IPO VMware (NASDAQ: VMW) attractive, but as a strict value and growth manager he is not interested in the highly-valued shares.
"So how about a company that sells VMware's software?" he asks in his industry-leading The Prudent Speculator TechValue Report. Here, he looks at Wayside Technology (NASDAQ: WSTG), which does meet his value criteria and is poised to benefit from VMware's growth.
The advisor recalls, "As we watched shares in VMware soar after they made their IPO, we wondered how we might take advantage of the tremendous growth in server virtualization solutions." He explains, "These servers allow tech managers to more efficiently use the massive computing power of modern servers by running multiple virtual computers on one system, potentially reducing overall hardware needs."
Wayside Technology, he notes, has grown in part because of VMware's top-line surge, and, he adds, should continue to do so as an important distributor of the latter's software. Indeed,the stock earns the advisors 'Cash is King' designation for its financial strength. He notes, "WSTG shares also sport an attractive dividend yield."
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