Watch these Stocks at Goldman's Technology and Internet Conference

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Goldman Sachs is hosting its annual Technology & Internet Conference in San Francisco, CA from Tuesday, February 12 through Thursday February 14 at the Palace Hotel. More than 140 leading technology and internet companies presented at last year’s event, and this year’s presentations appear to be equally compelling.

The week’s activities kick off on Tuesday morning with a 7:15 a.m. Keynote introduction from Apple CEO Tim Cook in the Grand Ballroom.

Apple’s Cook is followed by eBay's CEO John Donahoe at 8:10 a.m. Pacific Time. Shares of eBay continue to perform as the company experiences tremendous growth in its PayPal unit. Mobile chip manufacturer Qualcomm is another favorite of mine, with the company presenting on Tuesday at 2:40 p.m. Both of these names are involved in the growth of mobile technology and should fare well in the months to come.

Aside from eBay and Qualcomm, here are three standout technology stories I’ll be following at this week’s Goldman conference.

Electronic Arts (NASDAQ: EA)

On January 30, Electronic Arts reported third quarter earnings, beating earnings per share expectations by posting an adjusted $0.57 EPS versus $0.56 consensus. Revenue fell short of estimates by approximately $100 million, as the company posted a lower $1.18B vs. consensus $1.29B during the quarter.

Electronic Arts also lowered its Q4 and FY 2013 outlook, yet shares have risen a massive 15% between January 31 and February 8. Investors are likely looking forward on Electronic Arts, as despite the less optimistic forecast, the majority of bad news is behind for the company. The video game industry is moderately cyclical, and Electronic Arts is poised to benefit from the next-generation of game consoles that are expected to be introduced this year. In particular, Sony Corporation is widely rumored to be introducing its Playstation 4 device at a special press event on February 20.

Electronic Arts also reached a revenue sharing agreement with South Korean handset maker Samsung to bring more games to Samsung’s App Store. EA’s games and services for mobile generated about $100 million in revenue during Q3, an 18% year-over-year increase in net digital revenue.

Blake Jorgensen, Chief Financial Officer, will be presenting at Goldman’s conference on Tuesday, February 12 at 10:20 AM PST. Webcast is available on EA’s investor relations website.

LifeLock (NYSE: LOCK)

LifeLock specializes in providing a comprehensive suite of identity theft prevention tools for consumers and identity risk management services for enterprise customers. Readers may recognize the LifeLock name from its well-publicized television commercials. The Tempe, Arizona headquartered company recently completed an initial public offering at $9.00 per share on the NYSE and began trading publicly as of October 3, 2012.

I believe LifeLock could benefit greatly by receiving much needed publicity at Goldman’s upcoming conference. Although the company is receiving analyst coverage by some of Wall Street’s best firms, the LifeLock story has largely been trending under-the-radar.

Revenue at LifeLock has grown at a covetous 30% growth rate in the last nine months, while the company has gone from an operating loss to net profitability. The September 30 quarter was the company’s best ever in nearly every regard and LifeLock raised full year guidance above consensus analyst estimates. Multiple Wall Street firms initiated coverage of LifeLock in late October following the IPO, all with Buy ratings and price targets ranging from $11 to $16. Goldman Sachs has a $12 price target on LifeLock while Deutsche Bank has a $15 twelve-month target.

LifeLock operates on a calendar fiscal year and will announce fourth quarter 2012 results after the market close on Wednesday, February 20. A webcast for this week's Goldman conference is available on LifeLock's investor relations website.

SanDisk (NASDAQ: SNDK)

SanDisk designs, develops, and manufactures a variety of data storage solutions including flash memory and solid state drives (SSD).

The company’s flash storage technology is used in a majority of tablet and smartphone devices, and now SanDisk is starting to benefit from the secular trend towards flash storage in laptops. SanDisk recently stated that the demand for flash is expected to grow to a 34GB average per device by 2016. In addition to flash memory, SanDisk  manufactures solid state drives (SSD) for laptops that are faster and require less battery life than a traditional hard drive. Readers may recall that Apple was one of the first manufacturers to introduce a solid state drive with its Macbook Air device in 2008.

On January 24, Needham & Co. upgraded SanDisk to Buy from Hold with a new $60 price target. Needham contends that earnings should rise based on stronger-than-expected demand for SanDisk’s solid state drives. The company’s multi-chip package (MCP) offerings are also ramping up in sales. Needham upgraded the stock following SanDisk’s strong fourth quarter report on January 23.

SanDisk also received a positive write-up in the February 4 issue of Barron’s Magazine. The author Alexander Eule contends that shares could rise 20% or more given increased demand for flash storage.

CEO Sanjay Mehrotra will be presenting at Goldman’s conference on Tuesday, February 12 at 9:40 a.m. PT. Webcast is available on SanDisk’s investor relations website.

Agenda for 3-Day Conference

Inquiring readers can download the entire agenda for Goldman's 2013 Technology and Internet Conference here.

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