With the recent success of Apple, Google, RIMM, Yahoo!, etc., I think we have to start asking ourselves is tech back?  These stocks keep on going higher and higher and it's because of good earnings.  That's a relief since what happened in the dot-com bubble.  This also has to give us an indication that the economy isn't doing so bad because all these companies are in the consumer segment of the economy.  The consumer is still willing to pay a high price for gadgets they don't need most of the time.  Innovation has always driven the American economy and now it is more than ever.  Companies have figured out that it is more profitable to spend more at first on a well designed, cool looking product, than release a product too early.  Instead of following supply and demand, they can create their own supply and demand on their product.  These tech companies are leaders in their industries and therefore create the potential demand for their product and every other product that comes after.  High-priced gadgets and free services are the New Tech, and these are revolutionary stocks that you should not forget about and are staples in any big money manager's portfolio.