The technology sector closed the day up 2.2%. Onstream Media Corporation ( ONSM), New Energy Systems Group ( NEWN), VanceInfo Technologies Inc ( VIT), and Network Equipment Technologies ( NWK) were all winners today within the technology sector with International Business Machines ( IBM) being today's featured technology winner. International Business Machines rose $1.90 (1.1%) to $176.64 on light volume. Throughout the day, 5.2 million shares of International Business Machines exchanged hands as compared to its average daily volume of 7.2 million shares. International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $207 billion and is part of the computer hardware industry. The company has a P/E ratio of 14.1, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 18.1% year to date as of the close of trading on Tuesday. TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
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