Saturday, December 10, 2011

Cashing In on a New Boom for Technology

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tdp2664 InvestorPlace A tech revolution is underway that has me very excited for the sector in 2012. Growth is coming from the increasing popularity of smartphones and tablet devices, and demand for smaller, lighter, more efficient and longer-lasting battery-life components. It's a brand new world ripe for the plucking for tech companies that are innovative enough to bring new and improved products to market. Here are some that are poised to benefit from their forward thinking: 3D Systems (NYSE: DDD ) makes products that are used by businesses to conceptualize and design products. Customers include Bose, Ford (NYSE: F ), Hasbro (NASDAQ: HAS ), Northrop Grumman (NYSE: NOC ) and Porsche. All companies are fighting for consumer dollars, and to get that edge they need to innovate. With DDD's help, they can create the new products and improvements they need. In the most recent quarter, profits were up 48%, and revenues rose 39%. Earnings did miss expectations slightly, but it looks like the culprit was higher R&D expenditures. Over the past several months 3D Systems



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