Technology Bargains?

Believe me, the buy-the-dip crowd is focused on the technology sector. So, in their honor, I ran a stock screen that searched for the following:

1) The Price/Earnings-to-Growth (PEG) ratio must be less than or equal to 2.00. (value-based) 2) Share purchases by corporate insiders, net of sales, must be greater than or equal to zero. 3) The company must have achieved a positive rate of year-to-year EPS growth in the latest quarter and in the trailing 12 month period.

So, what tech stocks were screened out? Here is a list: Canon (CAJ), CGI Group (GIB), Cognos (COGN), Cubic (CUB), Excel Technology (XLTC), KT Corp. (KTC), Mobile TeleSystems (MBT), Nam Tai (NTE), Quality Systems (QSII), and Taiwan Semiconductor (TSM). Not a group of stocks that are very closely watched by investors. Time to do some work on these stocks to see if there is really any value behind them.