If your system is running linux, or if you boot off a Live CD, you could try:
cat /proc/cpuinfo
and read the flags listed - you are looking for the presence of the vmx flag - eg:
flags : fpu vme de pse tsc msr pae mce cx8 apic sep mtrr pge mca cmov pat pse36 clflush dts acpi mmx fxsr sse sse2 ss ht tm syscall nx lm constant_tsc pni monitor ds_cpl vmx est tm2 ssse3 cx16 xtpr lahf_lm
If running Windows, use the Intel Processor Identification utility

But do note that the utility may still say 'no' to Virtualization Technology if your processor supports it but it has been turned off in the BIOS.
Footnote: I have just learnt something extra - you can sometimes turn the cpuid strings in the output of cat /proc/cpuinfo into a spec code - for example:
~/> cat /proc/cpuinfo
processor : 0
vendor_id : GenuineIntel
cpu family : 15
model : 4
model name : Intel(R) Pentium(R) 4 CPU 3.20GHz
stepping : 1
cpu MHz : 3200.000
[snip]
Take the cpu family in two digit Hex, model and stepping and string them together thus:
Family + Model + Stepping so we get 0F (15 hex) 4 1 = 0F41
Then go to this Intel page and look up the ID code and relate it to a spec code - but note that some IDs are used for multiple spec codes.