2012 has been a good year to own large-cap tech stocks; while Apple's run-up has received the...


2012 has been a good year to own large-cap tech stocks; while Apple's run-up has received the most attention, less flashy names such as Microsoft (MSFT - previously), Intel (INTC), Dell (DELL), and H-P (HPQ) are also posting solid gains. Low P/Es and hefty cash balances (even if much of the cash is offshore) are drawing investors to the space, as is optimism that the bottom might not fall out of enterprise IT spending.

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