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Apple Agitated, Dell Deal Done: Tech Weekly

There was some M&A in tech this week, with Oracle (ORCL) buying Acme Packet (APKT) for $2.1 billion. Oracle paid $29.25 a share, or approximately $1.7 billion, net of Acme Packet's cash.

Acme Packet describes itself as a leader in session delivery network solutions, which let enterprises deliver secure voice and data services across IP networks.

Shares of Acme Packet soared this week, gaining 23.61% to finish at $29.58, while Oracle dipped 3.6% to close at $34.90.


Next week we see earnings results from Cisco (CSCO), Net App (NTAP), Rackspace (RAX) and Clearwire (CLWR). Goldman Sachs will also hold its annual technology conference in San Francisco, with Apple CEO Tim Cook and Zillow (Z) CEO Spencer Rascoff (who discussed Zillow Digs earlier this week with me) set to attend.

If you're in the Northeast, stay warm and safe as Nemo finds us (sorry, my joke writer is out sick this week). I'll catch you all on the other side for another exciting week in technology.

Enjoy your weekend everyone.

--Written by Chris Ciaccia in New York

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