Action To Take: Former darlings of the "new economy", Cisco and Intel still should serve as the cornerstone for any investor's technology equity allocation. Cisco shares currently trade around $27.50 while Intel is priced at $29.63. Based on the high quality of both businesses and the inherent value of the stocks, both should have an 18 month price target of $38 per share with a P/E expansion from current levels to 16, which is still below the P/E of the S&P 500.