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Tim Cook's Big Week: Tech Weekly

Stocks in this article: AAPL RIMM FB ORCL

Research In Motion (RIMM) gave a sneak peek of its forthcoming BlackBerry 10 operating system this week.

TheStreet's James Rogers gave his initial impressions, saying he "was quietly impressed with the new OS."

Shares of Research In Motion rose sharply this week, gaining 3.53% to reach $12.01.


Cisco (CSCO) held its analyst day Friday, promising to "bring sex" to the company's marketing efforts with an ambitious new campaign.

"You will see us launch on Monday a different positioning for Cisco," CEO John Chambers said during a keynote presentation during the event.

Chambers also noted that Cisco has been too quiet on the acquisition front. "We have gone too long without any major M&A," Chambers said. "You will see us more active. I am not saying that we will buy someone for $20 billion."

Cisco competitor Palo Alto Networks (PANW) reported its first quarter earnings on Thursday and gave second-quarter guidance.

The network security company reported non-GAAP earnings of 4 cents a share on revenue of $85.9 million. Analysts were looking for 3 cents a share and sales of $83.7 million.

On the company's conference call, Palo Alto issued second-quarter guidance. It expects to earn 4 cents a share on revenue between $90 million and $94 million. Analysts polled by Thomson Reuters now expect earnings of 4 cents per share on $92.93 million in revenue.

Shares of Cisco closed out the week higher, gaining 2.23% to finish at $19.33, while Palo Alto Networks closed sharply lower, losing 5.71% to wind up at $51.31.


Ahead of the fiscal cliff, Oracle (ORCL) decided to take matters into its own hands, accelerating its upcoming dividend payments.

According to a press release, Oracle has accelerated its second, third and fourth-quarter cash dividend totaling 18 cents per share to be payable later this month.

Oracle noted in the press release that CEO Larry Ellison, also its largest shareholder, did not participate or vote on this matter. It came straight from the board. The accelerated dividend will be paid to shareholders of record as of Dec. 14, 2012, with a payment date of Dec. 21, 2012.

Oracle shares fell 0.78% this week to finish at $31.92.

Enjoy your weekend everyone.

-- Written by Chris Ciaccia in New York.

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