IT spending

With trillions of dollars sitting in corporate coffers, the spigots of capital flowing to technology are finally opening up again. Gartner Research projects 5.1% growth in information technology spending in 2011. So which companies' stocks should you buy to take advantage?

IBM beat Wall Street expectations with its fourth-quarter earnings released Thursday, growing profit 9% and sales 7%. The company has gained from increased corporate spending on computer upgrades and on outsourcing.

Cisco's positive earnings reflected a broader good news story among technology companies, which seem to be enjoying a recovery. During the second quarter, the networking gear maker's revenue climbed to $9.8 billion -- up 8% from the year-ago quarter. But will the tech rebound last?