Sprint Nextel Corp (S): Today's Featured Technology Loser

The technology sector closed the day down 0.1%. Polycom Inc ( PLCM), Cirrus Logic Inc ( CRUS), Bridgeline Digital Inc ( BLIN), and NVE Corporation ( NVEC) were all decliners today within the technology sector with Sprint Nextel ( S) being today's featured technology loser. Sprint Nextel fell 9 cents (-3.2%) to $2.71 on light volume. Throughout the day, 35.6 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 81.9 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 $8.6 billion and is part of the telecommunications industry. Shares are down 33.8% year to date as of the close of trading on Wednesday.

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, Orsus Xelent Technologies Inc ( ORS), JA Solar Holdings Company Limited American ( JASO), OCZ Technology Group Inc ( OCZ), and NetScout Systems Inc ( NTCT) were all gainers within the technology sector with Yahoo Inc ( YHOO) 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).

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