Omnicell, Inc. (NASD: OMCL), a leading provider of systems and software solutions targeting patient safety and operational efficiency in healthcare facilities, recently announced its financial results for the third quarter ended September 30, 2008.

Revenues for this quarter were $5,481,470 when compared to $707,066 for the quarter ending June 30, 2007.

You've heard pitches on Apple (NYSE: AAPL) and Corning (NYSE: GLW), now lets continue on with the information technology sector. There are many places to invest around the sector. I am finding increasingly that the big boys like IBM, Microsoft & Google are providing more risk than reward. As investors, we want as high upside potential as possible when matched with low downside risk.

Despite recent turmoil in the IT sector for 2008, I contend that this is now where you want to be. Reasoning here follows that the financial sector is struggling to keep its bad news buried, the housing market is shambles and even retailers are struggling to sustain growth.

Yahoo lost 7.6%, or $1.59, to $19.22 on the Nasdaq Stock Market. The online search engine's fourth-quarter profit dropped by 23% from the same period a year ago, while revenue rose 8%. The company will cut 1,000 jobs next month.

Citigroup, Oppenheimer and Pacific Crest Securities all removed their "buy" ratings from Yahoo, downgrading the shares to "neutral" calls.