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By Darnell Brown

The tech space is littered with companies offering very attractive growth prospects, as well as other "falling knife" companies that could fade away. We took a look at 6 tech stocks to see if any belong in your portfolio. We identified three buy ideas, two sell ideas and one stock we think you should hold. Read on to find out more:

Amkor Technology Inc. (NASDAQ:AMKR) Amkor has a market cap of $888.6 million with a price to earnings ratio of 6.69. The stock has traded in a 52 week range of between $3.81 and $8.49. The current stock price is around $4.50. On July 27th the company reported second quarter revenues of $688 million, compared to revenues of $749 million in the second quarter of 2010. Second quarter net income was $14.54 million compared to $5.9 million in the second quarter of 2010.

One of Amkor Technology’s competitors is Advanced Semiconductor Engineering Inc. (NYSE:ASX). Advanced Semiconductor is currently trading at around $4.50 with a market cap of $6.06 billion and a price to earnings ratio of 10.07.

Amkor Technology is in the midst of some disturbing downward trends. Over the last three quarters, both its revenues and net income have decreased. Revenues are down by 9.1% while net income is down by 248%. The company’s stock has also suffered and over the last 52 weeks it is down by 24.28%. In spite of the company’s recent announcement of a $150 million stock buyback, the stock price is still down. Amkor Technology is a risky stock that is in a downward trend. I rate Amkor Technology Inc. as a sell.

Apple Inc. (NASDAQ:AAPL) Apple has a market cap of $352.24 billion with a price to earnings ratio of 15.03. The stock has traded in a 52 week range of between $265.52 and $404.50. The current stock price is around $380.00. On July 19th Apple reported second quarter revenues of $28.6 billion compared to revenues of $15.7 billion in the second quarter of 2010. Second quarter net income was $7.31 billion compared to net income of $3.25 billion in the second quarter of 2010.

One of Apple’s competitors is Research in Motion Limited (RIMM). Research in Motion is currently trading at about $30.00 with a market cap of $15.72 billion and a price to earnings ratio of 4.79.

Apple has done a terrific job of increasing both its revenues and net income. In the second quarter of 2011 the company increased revenues by 82% and net income by 124% over the second quarter of 2010. Over the last 52 weeks, the stock price is up by 42.28%. The stock price is up by 155% over the last three years. These fantastic results are driven by the sales of the company‘s iPhone and iPad products. Apple’s leader and CEO Steve Jobs recently retired, but Apple will still be one of the most innovative companies in the world, and I believe that there products will continue to be market leaders, and I rate Apple Inc. as a buy.

Google Inc. (NASDAQ:GOOG) Google has a market cap of $171.17 billion with a price to earnings ratio of 19.12. The stock has traded in a 52 week range of between $473.02 and $642.96. The stock is currently trading at around $530.00. On July 14th the company reported second quarter revenues of $9.03 billion, compared to revenues of 6.82 billion in the second quarter of 2010. Second quarter net income was $2.5 billion compared to $1.84 billion in the second quarter of 2010. In 2010, the company increased net income by 30% to $8.51 billion from $6.52 billion in 2009.

One of Google’s closest competitors is Yahoo Inc. (NASDAQ:YHOO). Yahoo is currently trading at around $14.00 with a market cap of $18 billion and a price to earnings ratio of 19.12.

Google has done an admirable job of increasing both its revenues and net income. In the last quarter, Google increased net income by 38%. Google recently purchased Motorola Mobility (NYSE:MMI) for $12.5 billion so that it could produce its own smartphones and compete against Apple’s iPhone. If the integration of the two companies is successful, Google should see a significant increase in revenues. History suggests that Google will successfully integrate the two companies and become one of the leaders in the smartphone industry. I rate Google Inc. as a buy.

Hewlett Packard Company (NYSE:HPQ) Hewlett Packard has a market cap of $46.38 billion with a price to earnings ratio of 5.30. The stock has traded in a range of between $22.13 and $49.39. The stock is currently trading around $23.00. On August 18th, the company reported third quarter revenues for the period ending on July31st of $31.2 billion, compared to revenues of $30.7 billion for the third quarter of 2010. Third quarter net income was $8.76 billion compared to net income of $7.66 billion for the third quarter of 2010.

One of Hewlett Packard’s closest competitors is Dell Inc (NASDAQ:DELL). Dell is currently trading at around $14.00 with a market cap of $25.89 billion and a price to earnings ratio of 7.58.

Hewlett Packard’s earnings have been down in each of the last two quarters. In the company’s third quarter, earnings call earnings estimates were revised downwards. The company also announced that it would be closing down its TouchPad business and looking to sale its PC business. The company is also in the process of purchasing the Autonomy software company for $11.7 billion. Hewlett Packard hopes that the purchase will help them to compete in the cloud computing business. Over the last 52 weeks, the stock price is down by 42.53%. The drop in the stock price reflects the company’s third quarter reduced earnings projection and confusing change in its business direction. I would not purchase Hewlett Packard until their restructuring project shows signs of being successful. I rate Hewlett Packard as a hold.

Atmel Corporation (NASDAQ:ATML) Atmel Corp. has a market cap of $4.21 billion with a price to earnings ratio of 7.10. The stock has traded in a 52 week range of between $6.62 and $16.80. The current stock price is around $9.00. On August 3rd the company reported second quarter revenues of $ 479 million, compared to revenues of $393 million in the second quarter of 2010. Second quarter net income was $90.9 million compared to net income of -36.4 million in the second quarter of 2010. Net income for 2010 was $423 million compared to net income of -109 million in 2009.

One of Atmel’s Corp’s competitors was LSI Corporation (NASDAQ:LSI). LSI is currently trading at around $6.50 with a market cap of $175 million and a negative price to earnings ratio.

Atmel Corp produces semiconductors that are used in smartphones and tablets. The company has contracts with technology companies such as Samsung (NYSE:KS) and Motorola Mobility Holdings (MMI). Atmel Corp increased its last quarter earnings per share by 136%, and its earnings per share are up by 568% over the last three quarters. The company’s stock has been a strong performer and is up by 51.73% over the last 52 weeks. Atmel Corp produces semiconductors that will be a necessity for companies that are manufacturing smartphones and tablet computers. The company should be able to continue increasing earnings for as long as the rush to cloud computing devices continues. I rate Atmel Corporation as a buy.

RadiSys Corporation (NASDAQ:RSYS) RadiSys has a market cap of $175.71 million with a negative price to earnings ratio. The stock has traded in a 52 week range of between $6.11 and $10.45. The current stock price is around $6.00. The company reported second quarter revenues of $79.9 million compared to revenues of $75 million in the second quarter of 2010. Second quarter net income was $190 thousand compared to net income of $590 thousand in the second quarter of 2010.

One of RadiSys Corp’s competitors is Audio Codes Ltd. (NASDAQ:AUDC). Audio Codes is currently trading at around $3.40 with a market cap of $141.47 million and a price to earnings ratio of 9.21.

RadiSys Corp has lost money in each of the last five years. The stock price is down by 33.51% over the last 52 weeks and is down by 61.8% over the last three years. The company does not pay a dividend, so there is no reason to wait for the company to begin to make a profit. I rate RadiSys Corporation as a sell.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 6 Tech Stocks To Buy, Sell or Hold