So when the quarterly number start coming for the tech stocks and they are better than expected the market should react. But if you look at the cycle of production, the subsector that moves first is semiconductors, followed by hardware, followed by software. I personally don't think the sector has bottomed. I would reather wait to see some real momentum back in the sector and pick the bottom after I've seen it. I would wait to see what happens next quarter before I would look for the bottom.
Technology is never passe.
If you are investing in technology you are investing in the future. But it always good to be diversified into the sectors you point to. The stock market has always been about technology back to its earlies6t days when the technology was the railroads. The thing to be sure of is that you are investing in the newest technology and not yesterday's technology. But look out for the financials.