Trader Thoughts has eight internet/tech stock picks for 2008. Below is a brief summary, check out the link to read the full reasoning.

Akamai Technologies' (AKAM) Q3 indicated that the it has witnessed strong growth across all its core markets. AKAM reported a 45% YOY revenue growth to $161.2M, up 6% from the second quarter 2007.

Amazon.com's (AMZN) Q3 results and guidance for Q4 and FY '07 clearly surpassed the street expectations.

Ctrip.com International (CTRP) is a leading aggregator of online travel booking services in China. The company has been a key beneficiary of the marked consumer shift in China over the past two years towards the more convenient and hassle-free e-ticketing vendors.

Microsoft Corporation (MSFT), a company worth around $390B, generates annual sales of around $60B; the company's biggest challenge has been sustaining the percentage gains in revenues. We view its recent foray into the home entertainment software business and Microsoft's server solutions as efforts to combat this challenge.

Gigamedia Ltd. (GIGM) derives it revenues from China, Taiwan and Europe. Despite a seasonally weak quarter, GIGM put up good third quarter results surpassing analysts' expectations. The company has been giving good earnings performance through its history – met or surpassed the expectations in the previous 10 quarters.

Bankrate Inc. (RATE) is a leading online aggregator of consumer financial information and a leading pure-play in the financial advertising vertical.

Sigma Designs Inc. (SIGM) is a key player in the chip set market for the entertainment segment (primarily IPTV set-top boxes, DVD players and Portable Media players).

Synaptics Incorporated (SYNA), a leading developer of interface solutions for mobile computing, communications, and entertainment devices is another pick for 2008. Its fiscal 2008 first quarter results (released November 1st, AMC) were better-than-expected; earnings per share were 54c, 32% higher than the consensus estimate and quarterly revenue came in around $86.7M, a 58% YoY growth.

Closing Price of their picks as of Monday, January 7, 2008:

* AKAM - $31.6
* AMZN - $88.8
* CTRP - $53.3
* MSFT - $34.6
* GIGM - $16.6
* RATE - $44.5
* SIGM - $44
* SYNA - $39.2