The

technology

sector closed the day down 2.2%.

Bridgeline Digital Inc

(

BLIN

),

Tegal Corporation

(

TGAL

),

Daystar Technologies Inc

(

DSTI

), and

Micron Technology Inc

(

MU

) were all decliners today within the technology sector with

Hewlett-Packard

(

HPQ

) being today's featured technology loser. Hewlett-Packard fell $1.31 (-5.5%) to $22.47 on average volume. Throughout the day, 30.4 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 27.9 million shares.

Hewlett-Packard Company offers various 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 $46.1 billion and is part of the

computer hardware

industry. The company has a P/E ratio of 5.5, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 43.5% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Hewlett-Packard as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and generally poor debt management.

On the positive front,

Aetrium Incorporated

(

ATRM

),

BluePhoenix Solutions

(

BPHX

),

CyberDefender

(

CYDE

), and

Nexxus Lighting Inc

(

NEXS

) were all gainers within the technology sector with

Equinix Inc

(

EQIX

) being today's featured technology sector winner.

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

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).

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