ADVERB (3)

1. with regard to technique;
- Example: "technically lagging behind the Japanese"
- Example: "a technically brilliant boxer"

2. with regard to technical skill and the technology available;
- Example: "a technically brilliant solution"

3. according to the exact meaning; according to the facts;
- Example: "technically, a bank's reserves belong to the stockholders"
- Example: "technically, the term is no longer used by experts"

The Collaborative International Dictionary of English v.0.48:

Technically \Tech"nic*al*ly\, adv.
   In a technical manner; according to the signification of
   terms as used in any art, business, or profession.
   [1913 Webster]

WordNet (r) 3.0 (2006):

technically
    adv 1: with regard to technique; "technically lagging behind the
           Japanese"; "a technically brilliant boxer"
    2: with regard to technical skill and the technology available;
       "a technically brilliant solution"
    3: according to the exact meaning; according to the facts;
       "technically, a bank's reserves belong to the stockholders";
       "technically, the term is no longer used by experts"