Hewlett-Packard

(

HPQ

) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.4%. By the end of trading, Hewlett-Packard rose 56 cents (2.6%) to $22.33 on average volume. Throughout the day, 23.4 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 20.1 million shares. The stock ranged in a price between $21.40-$22.36 after having opened the day at $21.47 as compared to the previous trading day's close of $21.77. Other companies within the Computer Hardware industry that increased today were:

Riverbed Technology Incorporated

(

RVBD

), up 6.4%,

Interphase

(

INPH

), up 5.1%,

MTS Medication Technologies

(

MTSI

), up 4.6%, and

Datalink Corporation

(

DTLK

), up 3.4%.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $43.07 billion and is part of the

technology

sector. The company has a P/E ratio of 7.3, below the average computer hardware industry P/E ratio of 7.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 15.5% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate Hewlett-Packard a buy, six analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a

hold

. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.

On the negative front,

Xata Corporation

(

XATA

), down 10.9%,

iGo

(

IGOI

), down 9.7%,

OCZ Technology Group

(

OCZ

), down 6.4%, and

Stratasys

(

SSYS

), down 6%, were all losers within the computer hardware industry with

NetApp

(

NTAP

) being today's computer hardware industry loser.

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

iShares Dow Jones US Technology

(

IYW

) while those bearish on the computer hardware industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).

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