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 - Get Report), 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.
Tech Stocks in Motion
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts