4 Best Tech Stocks to Buy Instead of FB or AMZN

The weeks before Thanksgiving brought a cornucopia of good news to tech investor Paul Wick. Five companies he owned in the Columbia Seligman Communications and Information Fund were acquired in rapid succession as an M&A wave swept the semiconductor industry—a slice of the technology sector to which Wick has dedicated nearly half of his $4.4 billion fund. Meanwhile, shares in the Silicon Valley–based portfolio manager’s biggest holding, LAM Research, hit an all-time high. “Yet there’s still considerable upside,” says Wick. “We’re more bullish about the semi­conductor industry than we are about software or the Internet sector.”