Here's a Barron's article on how one analyst, Tavis McCourt of Morgan Keegan, thinks tech companies should allocate the enormous cash they have on their balance sheets. In addition to excellent FCF, many tech companies have cash on the balance sheet equal to 1/5 or more of total market capitalization.
McCourt recommends boosting the dividend payout ratio to as much as 70% of earnings.
Not sure if that makes sense but valuations are attractive. Some of these are selling at 10x earnings or less. If technology CEO's do end up effectively allocating their excess capital, near recent prices, there seems to be very good risk/reward with some of the companies listed in the article.
This site does not provide investing recommendations as that comes down to individual circumstances. Instead, it is for generalized informational, educational, and entertainment purposes. Visitors should always do their own research and consult, as needed, with a financial adviser that's familiar with the individual circumstances before making any investment decisions. Bottom line: The opinions found here should never be considered specific individualized investment advice and never a recommendation to buy or sell anything.