Tech Stocks in Motion
Shares of Retek (RETK) jumped 40.2% after the software company agreed to be acquired by SAP (SAP) for about $496 million, or $8.50 a share. The deal represents a 42% premium to Retek's closing price of $6 on Friday. Retek posted 2004 sales of $174.2 million and had about 525 employees. Shares traded up $2.41 to $8.41.Other technology movers included Microsoft (MSFT), down 9 cents to $25.16; Sirius Satellite Radio (SIRI), up 42 cents to $5.57; Intel (INTC), down 10 cents to $23.99; and Cisco (CSCO), up 22 cents to $17.42; and Lucent (LU), down 7 cents to $3.07.
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