2 Cheap Tech Stocks to Buy Right Now

There are a lot of very expensive tech stocks. By buying them, you're paying a high price for future growth that may or may not materialize. Some of them -- perhaps even many of them -- will be disasters in the long run.

On the other side of the coin, there are some tech stocks that have languished even as the stock market has surged to new highs. International Business Machines (NYSE: IBM) and Cisco Systems (NASDAQ: CSCO) come to mind. Both stocks have been beaten down by pessimism and offer investors solid value at a time when value is hard to come by. Here's why these two cheap tech stocks belong in your portfolio.

It's been quite a while since IBM has been a pleasant stock to own. Shares of the century-old tech giant topped out in 2013 at over $200. Over the next six years, the stock erratically tumbled to around $130 as the company's transformation efforts failed to win over investors. IBM is a different company than it was earlier this decade, but growth in cloud computing, artificial intelligence, and other trendy areas has so far failed to offset declining legacy businesses.

Source Fool.com