3 tech shares I'm giving a miss

Here are three tech shares for your watch list…

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These tech shares have provided shareholders with good returns over the past year. But can they keep the momentum going?

Buddy Platform Ltd (ASX: BUD)

Buddy Platform Ltd made a recovery on Tuesday, gaining about 7.5 per cent with the company's shares now going for about 21.5 cents.

The Buddy share price is still down on the 40 cents it was going for in November but the company's shareholders have enjoyed returns exceeding 300 per cent over the past year.

The company provides a device called Buddy Ohm that monitors the consumption of resources in buildings which tracks the use of electricity, gas and water.

In financial year (FY) 2017, Buddy Platform reported a loss of almost $17 million, an improvement on FY 2016's loss of more than $26 million.

And the company's directors, including Alexander Gounares, David Mclauchlan, Richard Borenstein and John van Ruth, have together this month sold millions of shares in the company.

Is the writing on the wall?

Electro Optic Systems Hldg Ltd (ASX: EOS)

Electro Optic Systems Hldg Ltd has gone into a trading halt as the company announced a "significant defence export" and plans to raise capital.

Electro Optic Systems, with a market value of about $200 million, announced it had been awarded a contract worth $410 million to supply "significant quantities" of its new R-400S-Mk2 remote weapons systems to an overseas customer.

The company, which specialises in technology for weapon systems and the space industry, has seen its share price rise by more than 50 per cent over the past year.

Electro Optic shares are expected to resume trading next week.

 4DS Memory Ltd (ASX: 4DS)

The 4DS Memory Ltd share price shed 10.6 per cent on Tuesday as the company released its quarterly report.

Despite the recent slump 4DS shares, currently trading for about 4.6 cents, have gained about 180 per cent over the past year.

The company, with a market value of around $80 million, has research facilities in Silicon Valley where it develops resistive random access memory and plans to "address the massive memory demands of tomorrow".

4DS Memory's operating costs for the quarter came in at $683,000, with the bulk of that figure going to research and development, according to the company.

The company ended the quarter with cash and cash equivalents of about $4.35 million.

If you're looking for more opportunities in the tech sector, you may want to read this…

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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