Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model





) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.1%. By the end of trading, Corning rose 78 cents (6.9%) to $12.13 on heavy volume. Throughout the day, 41.8 million shares of Corning exchanged hands as compared to its average daily volume of 13.9 million shares. The stock ranged in a price between $12-$12.33 after having opened the day at $12.09 as compared to the previous trading day's close of $11.35. Other companies within the Technology sector that increased today were:

Kingtone Wirelessinfo Solution



), up 40.6%,

Immersion Corporation



), up 34.8%,

OCZ Technology Group



), up 16.7%, and

Pulse Electronics



), up 15%.

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Corning Incorporated produces specialty glasses, ceramics, and related materials worldwide. The company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $16.68 billion and is part of the electronics industry. The company has a P/E ratio of nine, below the S&P 500 P/E ratio of 17.7. Shares are down 13% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Corning a buy, three analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Corning as a


. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

On the negative front,

New Energy Systems Group



), down 13.2%,

Astea International



), down 12.9%,

China Digital TV



), down 11.9%, and

Bridgeline Digital



), down 10.7%, were all laggards within the technology sector with

Seagate Technology



) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR



) while those bearish on the technology sector could consider

ProShares Ultra Short Technology




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