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Amphenol ( APH) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Amphenol fell $8.22 (-9.7%) to $76.35 on heavy volume. Throughout the day, 3,217,701 shares of Amphenol exchanged hands as compared to its average daily volume of 652,800 shares. The stock ranged in price between $76.00-$79.00 after having opened the day at $78.92 as compared to the previous trading day's close of $84.57. Other companies within the Technology sector that declined today were: Gilat Satellite Networks ( GILT), down 13.2%, Fairchild Semiconductor International ( FCS), down 10.8%, Affymetrix ( AFFX), down 9.8% and WPCS International ( WPCS), down 9.7%.

Amphenol Corporation provides electrical, electronic, and fiber optic connectors; interconnect systems; and coaxial and specialty cables worldwide. Amphenol has a market cap of $13.5 billion and is part of the electronics industry. Shares are up 30.7% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Amphenol a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Amphenol as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Zhone Technologies ( ZHNE), up 63.4%, Shanda Games ( GAME), up 17.2%, TigerLogic Corporation ( TIGR), up 14.1% and The9 ( NCTY), up 12.7% , were all gainers within the technology sector with Infosys ( INFY) being today's featured technology sector leader.

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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