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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

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Mobile Telesystems OJSC

(

MBT

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.2%. By the end of trading, Mobile Telesystems OJSC rose 31 cents (1.5%) to $20.51 on average volume. Throughout the day, 2.5 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in a price between $20.28-$20.88 after having opened the day at $20.35 as compared to the previous trading day's close of $20.20. Other companies within the Technology sector that increased today were:

SemiLEDs

(

LEDS

), up 14.3%,

Trio-Tech International

(

TRT

), up 13%,

Crossroads Systems

(

CRDS

), up 11.4%, and

Chyron Corporation

(

CHYR

), up 9.8%.

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Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $20.17 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 7.8% year to date as of the close of trading on Friday. Currently there are five analysts that rate Mobile Telesystems OJSC a buy, one analyst rates it a sell, and one rates it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front,

Trina Solar

(

TSL

), down 10.8%,

JA Solar Holdings Co. ADR

(

JASO

), down 10.7%,

VirnetX

(

VHC

), down 10%, and

Yingli Green Energy Holding Company

(

YGE

), down 9.7%, were all laggards within the technology sector with

Sprint Nextel

(

S

) being today's technology sector laggard.

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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