VimpelCom

(

VIP

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.9%. By the end of trading, VimpelCom rose 40 cents (3.6%) to $11.37 on heavy volume. Throughout the day, 4.9 million shares of VimpelCom exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in a price between $10.94-$11.47 after having opened the day at $10.94 as compared to the previous trading day's close of $10.97. Other companies within the Technology sector that increased today were:

Onstream Media Corporation

(

ONSM

), up 42.5%,

Suntech Power Holdings

(

STP

), up 17.5%,

Selectica Inc

(

SLTC

), up 16.1%, and

Hanwha SolarOne

(

HSOL

), up 14.9%.

VimpelCom Ltd. operates as an integrated telecommunications services provider, offering voice and data services through a range of wireless, fixed, and broadband technologies. VimpelCom has a market cap of $17.91 billion and is part of the

telecommunications

industry. The company has a P/E ratio of 11.4, above the average telecommunications industry P/E ratio of 8.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 27.1% year to date as of the close of trading on Monday.

TheStreet Ratings rates VimpelCom as a

sell

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

On the negative front,

Helios & Matheson Information Technology In

(

HMNYD

), down 18.8%,

Helios & Matheson Information Technology In

(

HMNY

), down 18.8%,

Aehr Test Systems

(

AEHR

), down 16.7%, and

Recon Technology

(

RCON

), down 15.5%, were all losers within the technology sector with

ASML

(

ASML

) being today's technology sector loser.

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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