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Interested in technology companies? Do you feel better knowing your favorite companies have enough cash to cover their operating expenses for a very long time? Do you prefer stocks that can bring in profits over the long term? We ran a screen you could find useful.

The Current ratio is a liquidity ratio used to determine a company's financial health. The metric illustrates how easily a firm can pay back its short obligations all at once through current assets. A company that has a current ratio of one or less is generally a liquidity red flag. Now this doesn't mean the company will go bankrupt tomorrow, but it also doesn't bode well for the company, and may indicate that it could have an issue paying back upcoming obligations.

The Quick ratio measures a company's ability to use its cash or assets to extinguish its current liabilities immediately. Quick assets include assets that presumably can be converted to cash at close to their book values. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities. The quick ratio is more conservative than the Current Ratio because it excludes inventory from current assets, since some companies have difficulty turning their inventory into cash. If short-term obligations need to be paid off immediately, sometimes the current ratio would overestimate a company's short-term financial strength. In general, the higher the ratio, the greater the company's liquidity (i.e., the better able to meet current obligations using liquid assets).

EPS growth (earnings per share growth) illustrates the growth of earnings per share over time. The 5-Year Expected EPS Growth Rate is a long term annual growth estimate, where the growth projections are made by analysts, the company or other credible sources.

We first looked for technology stocks. We then looked for businesses that have strong liquidity (Current Ratio>2)(Quick Ratio>2). We then looked for businesses with projected high growth, measured by 5-year projected EPS growth above 25%. We did not screen out any market caps.

Do you think these stocks will continue to see such strong profitability? Please use our list to assist with your own analysis.

1) Immersion Corporation (NASDAQ:IMMR)

Sector:Technology
Industry:Computer Peripherals
Market Cap:$151.79M
Beta:1.66

Immersion Corporation has a Current Ratio of 5.34 and Quick Ratio of 5.29 and 5-Year Projected Earnings Per Share Growth Rate of 30.00%. The short interest was 5.19% as of 05/24/2012. Immersion Corporation develops, manufactures, licenses, and supports a range of hardware and software technologies and products that enhance digital devices with touch interaction.

The company provides haptic technologies that allow people to use their sense of touch when operating a variety of digital devices. It licenses its technologies to the manufacturers of automotive, consumer electronics, gaming, commercial and industrial controls, medical, and mobile communications products under the TouchSense brand.

2) Fusion-io, Inc. (NYSE:FIO)

Sector:Technology
Industry:Data Storage Devices
Market Cap:$1.92B
Beta:-

Fusion-io, Inc. has a Current Ratio of 9.03 and Quick Ratio of 7.49 and 5-Year Projected Earnings Per Share Growth Rate of 33.00%. The short interest was 18.17% as of 05/24/2012. Fusion-io, Inc. engages in the development, marketing, and sale of storage memory platforms for data decentralization in the United States.

The company's platforms enhance the processing capabilities within a datacenter by relocating process-critical or active data from centralized storage to the server where it is being processed. The company's storage memory platform includes ioDrive and ioCache products; directCache data-tiering software; ioTurbine virtualization software; and ioSphere platform management software.

3) Comtech Telecommunications Corp. (NASDAQ:CMTL)

Sector:Technology
Industry:Communication Equipment
Market Cap:$543.50M
Beta:0.41

Comtech Telecommunications Corp. has a Current Ratio of 7.95 and Quick Ratio of 6.88 and 5-Year Projected Earnings Per Share Growth Rate of 35.00%. The short interest was 10.45% as of 05/24/2012. Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally.

The company's Telecommunications Transmission segment provides satellite earth station equipment and systems, such as satellite earth station modems, block up converters, power amplifiers, transceivers, access devices, voice gateways, IP encapsulators, and media routers. This segment also offers over-the-horizon microwave equipment and systems that transmit voice, video, and data, as well as markets data compression integrated circuits.

4) Atmel Corporation (NASDAQ:ATML)

Sector:Technology
Industry:Semiconductor - Broad Line
Market Cap:$3.18B
Beta:1.21

Atmel Corporation has a Current Ratio of 3.44 and Quick Ratio of 2.15 and 5-Year Projected Earnings Per Share Growth Rate of 27.43%. The short interest was 5.29% as of 05/24/2012. Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products.

The company's Microcontrollers segment provides various proprietary and standard microcontrollers, such as Atmel's capacitive touch products, including maXTouch and QTouch, AVR 8-bit and 32-bit products, ARM-based products, and Atmel's 8051 8-bit products.

Its Nonvolatile Memories segment offers serial interface electrically erasable programmable read-only memory and serial interface flash memory products; and parallel interface flash memories, as well as parallel interface electrically erasable programmable read-only memory and erasable programmable read-only memory devices.

5) 8x8 Inc. (NASDAQ:EGHT)

Sector:Technology
Industry:Communication Equipment
Market Cap:$280.94M
Beta:1.29

8x8 Inc. has a Current Ratio of 2.94 and Quick Ratio of 2.89 and 5-Year Projected Earnings Per Share Growth Rate of 27.50%. The short interest was 9.74% as of 05/24/2012. 8x8, Inc. develops and markets telecommunications services for Internet protocol (NYSE:IP), telephony, and video applications.

The company offers 8x8 Virtual Office Business Telephone Service, an alternative to traditional private branch exchange systems that offers automated attendants to assist callers; extension-to-extension dialing services; direct inward dial; conference bridge, 3-way calling, music on hold, call park/pick-up, call transfer, hunt groups, and do not disturb services; voice mail, including email alerts and direct transfer to mailbox; call waiting/caller-ID; distinctive tone ringing; and optional receptionist console applications.

Its products also include 8x8 Complete Contact Center, an integrated hosted call center solution that consists of skill-based routing, multi-media management, real time monitoring and reporting, voice recording and logging, historical reporting, interactive voice response, CRM integration, and contact and case management tools; 8x8 IP Telephones; 8x8 Virtual Meeting, a video Web conferencing service; and 8x8 Managed Hosting and Cloud-Based Computing Solutions.

6) Cohu, Inc. (NASDAQ:COHU)

Sector:Technology
Industry:Semiconductor Equipment & Materials
Market Cap:$231.66M
Beta:1.43

Cohu, Inc. has a Current Ratio of 5.01 and Quick Ratio of 3.28 and 5-Year Projected Earnings Per Share Growth Rate of 27.00%. The short interest was 2.50% as of 05/24/2012. Cohu, Inc. engages in the development, manufacture, sale, and servicing of test handling and burn-in related equipment, and thermal sub-systems for the semiconductor industry worldwide.

The company operates in three segments: Semiconductor Equipment, Microwave Communication Systems, and Video Cameras. The Semiconductor Equipment segment develops, manufactures, and sells pick-and-place semiconductor test handlers, burn-in related equipment, and thermal sub-systems to semiconductor manufacturers and semiconductor test subcontractors.

*Company profiles were sourced from Finviz. Financial data was sourced from Finviz.

Source: 6 High Growth Technology Stocks With Plenty Of Cash On Hand