Bell's theorem can be refuted by presenting a counterexample which predicts correctly the expectation values of QM. As Bell has only ruled out noncontextual models a contextual model with hidden variables would refute his theorem. Such a model is presented able to explain the spin measurement results with entangled photons or electrons. It is not ruled out by the Kochen-Specker Theorem. Consequences for the feasibility of quantum computers are discussed.