"I'm one of the few tech investors ... that have been around when those companies were great and they've been such dogs and some of them have very attractive dividend yields," Meeks said.
"The temptation is to get back in," he said. "But the problem is when you do that, you get into a company that is a yesteryear company that is not in sync with global technology trends and it usually just ends up being a value trap. So, today, a lot of folks have been asking me, 'Hey, let's get into Intel, down 11%,' and I say no way.
Disclosure: Meeks's Wireless Fund owns shares of Microsoft, Apple, Amazon, Facebook, Alphabet, Akamai Technologies, Activision Blizzard and Adobe. Meeks personally owns shares of Adobe, Activision Blizzard, Facebook and Amazon.
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