The

technology

sector closed the day up 1.7%.

Applied Energetics Inc

(

AERG

),

RF Monolithics

(

RFMI

),

Zix Corporation

(

ZIXI

), and

Mattson Technology

(

MTSN

) were all decliners today within the technology sector with

Sprint Nextel

(

S

) being today's featured technology loser. Sprint Nextel fell 19 cents (-7%) to $2.51 on average volume. Throughout the day, 118 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 79.4 million shares.

Sprint Nextel Corporation, through its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Nextel has a market cap of $8.1 billion and is part of the

telecommunications

industry. Shares are down 36.2% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Sprint Nextel as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and deteriorating net income.

On the positive front,

Helios & Matheson Information Technology In

(

HMNY

),

Helios & Matheson Information Technology In

(

HMNYD

),

Mad Catz Interactive Inc

(

MCZ

), and

Clearwire

(

CLWR

) were all gainers within the technology sector with

International Business Machines

(

IBM

) 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

).

null