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) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 2.5%. By the end of trading, Qualcomm fell $1.87 (-3.3%) to $55.13 on average volume. Throughout the day, 13.7 million shares of Qualcomm exchanged hands as compared to its average daily volume of 14 million shares. The stock ranged in price between $55.04-$57.35 after having opened the day at $57.17 as compared to the previous trading day's close of $57. Other company's within the Technology sector that declined today were:

Overland Storage



), down 35.5%,

Enova Systems



), down 21%,

Helios & Matheson Information Technology In



), down 19.7%, and

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Frontier Communications Corp Class B



), down 19.3%.

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QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. Qualcomm has a market cap of $97.75 billion and is part of the


industry. The company has a P/E ratio of 20, above the average telecommunications industry P/E ratio of 17.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Wednesday. Currently there are 31 analysts that rate Qualcomm a buy, one analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Qualcomm as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front,

Winland Electronics



), up 9.1%,

Tegal Corporation



), up 8.5%,

Ditech Networks Corporation



), up 8.4%, and

China Sunergy



), up 8.2%, were all gainers within the technology sector with




) 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