2013 Year Review

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Tech sector review

Social media companies were the top performers in the year

Yelp (YELP) showed a 250% growth
Pandora (P) returned 190% to investors over the year
FB managed to grow 102%

Twitter IPO was one of the highlights of the year

The year was great for social media companies however analyst are skeptical of social media stock for 2014
 
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Hardware was a big letdown for the tech sector

Reason: Declining PC sales and shift toward mobile

Hewlett-Packard experienced a large fall in revenues and net income as PC shipments slowed.

Cisco (CSCO) faced severe headwinds in its major segments due to the growing popularity of cloud computing and Software Defined Networking (SDN) services

IBM stock fell 2% over the year
 
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The XLK (top holdings include AAPL, GOOG, MSFT, IBM, ORCL) closed 2013 up 24% from the beginning of the year.

NASDAQ ended up by 35% at end of year
 

RobertBrad

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It is obvious that facebook stock will increase as through out the year it was consistent in its earnings.
 
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social sites, tech companies will control the world. these social sites and tec companies will hold the internet services in future.
 

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