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The Technology sector as a whole was unchanged today versus the S&P 500, which was down 0.4%. Laggards within the Technology sector included Bio-Rad Laboratories ( BIO.B), down 2.4%, BluePhoenix Solutions ( BPHX), down 5.3%, ModSys International ( MDSY), down 5.3%, LookSmart ( LOOK), down 7.5% and Nortech Systems ( NSYS), down 4.6%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

VimpelCom ( VIP) is one of the companies that pushed the Technology sector lower today. VimpelCom was down $0.30 (6.4%) to $4.37 on average volume. Throughout the day, 2,865,919 shares of VimpelCom exchanged hands as compared to its average daily volume of 2,812,300 shares. The stock ranged in price between $4.17-$4.72 after having opened the day at $4.72 as compared to the previous trading day's close of $4.67.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. It operates in five segments: Russia, Italy, Africa & Asia, Ukraine, and the Commonwealth of Independent States. VimpelCom has a market cap of $7.2 billion and is part of the telecommunications industry. Shares are up 11.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate VimpelCom a buy, 1 analyst rates it a sell, and 4 rate it a hold.

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TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on VIP go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Wireless Telecommunication Services industry. The net income has significantly decreased by 58.8% when compared to the same quarter one year ago, falling from $255.00 million to $105.00 million.
  • The debt-to-equity ratio is very high at 3.52 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with the unfavorable debt-to-equity ratio, VIP maintains a poor quick ratio of 0.76, which illustrates the inability to avoid short-term cash problems.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Wireless Telecommunication Services industry and the overall market, VIMPELCOM LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has declined marginally to $1,610.00 million or 3.88% when compared to the same quarter last year. Despite a decrease in cash flow VIMPELCOM LTD is still fairing well by exceeding its industry average cash flow growth rate of -14.50%.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 64.46%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 60.00% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

You can view the full analysis from the report here: VimpelCom Ratings Report

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At the close, LookSmart ( LOOK) was down $0.06 (7.5%) to $0.74 on heavy volume. Throughout the day, 25,167 shares of LookSmart exchanged hands as compared to its average daily volume of 12,400 shares. The stock ranged in price between $0.63-$0.78 after having opened the day at $0.75 as compared to the previous trading day's close of $0.80.

LookSmart, Ltd. provides search and display advertising network solutions in the United States, Europe, the Middle East, and Africa. LookSmart has a market cap of $4.6 million and is part of the telecommunications industry. Shares are up 11.9% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates LookSmart as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on LOOK go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Internet Software & Services industry. The net income has significantly decreased by 36.8% when compared to the same quarter one year ago, falling from -$0.95 million to -$1.30 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Internet Software & Services industry and the overall market, LOOKSMART LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 66.81%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 27.77% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • LOOKSMART LTD's earnings per share declined by 27.8% in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, LOOKSMART LTD continued to lose money by earning -$0.93 versus -$1.92 in the prior year.
  • LOOK, with its decline in revenue, underperformed when compared the industry average of 9.6%. Since the same quarter one year prior, revenues fell by 20.1%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

You can view the full analysis from the report here: LookSmart Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

BluePhoenix Solutions ( BPHX) was another company that pushed the Technology sector lower today. BluePhoenix Solutions was down $0.17 (5.3%) to $3.03 on light volume. Throughout the day, 637 shares of BluePhoenix Solutions exchanged hands as compared to its average daily volume of 2,100 shares. The stock ranged in price between $2.97-$3.10 after having opened the day at $2.97 as compared to the previous trading day's close of $3.20.

BluePhoenix Solutions has a market cap of $41.1 million and is part of the telecommunications industry. Shares are down 11.8% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.