The

technology

sector closed the day up 0.3%.

Computer Programs and Systems Inc

(

CPSI

),

Spansion Inc

(

CODE

),

Helios & Matheson Information Technology In

(

HMNYD

), and

Helios & Matheson Information Technology In

(

HMNY

) were all decliners today within the technology sector with

Nokia Oyj

(

NOK

) being today's featured technology loser. Nokia Oyj fell 13 cents (-1.8%) to $7.18 on light volume. Throughout the day, 18.6 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 32.8 million shares.

Nokia Corporation manufactures and sells mobile devices, and provides Internet and digital mapping and navigation services worldwide. Its Devices & Services segment develops and manages a portfolio of mobile devices; and services comprising applications and content. Nokia Oyj has a market cap of $25.1 billion and is part of the

telecommunications

industry. The company has a P/E ratio of 10.3, below the average telecommunications industry P/E ratio of 30.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 29.2% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Nokia Oyj as a

hold

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the positive front,

Ikanos Communications Inc

(

IKAN

),

Micronetics Inc

(

NOIZ

),

CyberDefender

(

CYDE

), and

Iteris Inc

(

ITI

) were all gainers within the technology sector with

Cisco Systems Inc

(

CSCO

) 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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