Mobile TeleSystems



) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 2.1%. By the end of trading, Mobile TeleSystems fell 72 cents (-4.8%) to $14.29 on light volume. Throughout the day, 2.3 million shares of Mobile TeleSystems exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in price between $14.29-$14.80 after having opened the day at $14.77 as compared to the previous trading day's close of $15.01. Other company's within the Technology sector that declined today were:

IDT Corporation B



), down 44.9%,

Yingli Green Energy Holding Company



), down 15.1%,

Microvision Inc



), down 13.4%, and

Trina Solar



), down 13%.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Turkmenistan, Armenia, and Belarus. Mobile TeleSystems has a market cap of $13.6 billion and is part of the


industry. The company has a P/E ratio of 14.3, above the average telecommunications industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 28.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates Mobile TeleSystems as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and a generally disappointing performance in the stock itself.

On the positive front,

Sify Technologies



), up 62.8%, India



), up 44%,

Kingtone Wirelessinfo Solution



), up 15.6%, and

DragonWave Inc



), up 12.4%, were all gainers within the technology sector with

Avago Technologies



) 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



) while those bearish on the technology sector could consider

ProShares Ultra Short Technology