Purchased Western Digital (WDC), the storage drive maker, today at $39.08.  Also purchased j2 Global Communications (JCOM) at $20.60.   I’ve been watching JCOM for a few months now, but WDC just recently showed up on my screen.  WDC is trading near all time highs, but the growth in memory storage – thanks to everything from photos to movies being stored on disk drives in our homes – seems unabated.  JCOM is a global telecommunications company, with significant growth prospects around the world.

Technology companies are particularly vulnerable to competition – you never know when someone else might develop a new product that makes yours obsolete.  These two, however, seem positioned right for the future.  I used conservative assumptions to place a value on each.