IMAX, NFLX: Tech Winners & Losers

The Nasdaq closed out the year on an upswing. Here's a snapshot of tech stocks during Friday trading.
By Olivia Oran ,

NEW YORK (TheStreet) -- Despite a slight dip in late trading Friday, the tech-heavy Nasdaq closed out the year up about 17%.

IMAX

(IMAX) - Get Report

rose $1.21 to close at $28.07 on takeover rumors,

as a story in a British paper said

Sony

(SNE) - Get Report

could be prepared to make an offer for $40 a share.

Disney

(DIS) - Get Report

could also be interested in buying IMAX, the report said.

Chip designer

ARM Holdings

(ARMH)

jumped 56 cents and closed at $20.75 on news that

Microsoft

(MSFT) - Get Report

is set to unveil a tablet next week at CES running on the company's technology.

Shares of ARM, whose technology powers the majority of the nation's smartphones, have increased almost 9% in the last month.

SAP

(SAP) - Get Report

closed up 33 cents to $50.61 despite news that the company has been forced to

pay interest on the $1.3 billion

it owes

Oracle

(ORCL) - Get Report

on copyright infringement charges.

The specific amount of interest that SAP owes Oracle was not disclosed.

Netflix

(NFLX) - Get Report

fell more than 2% to close at $175.70, as Microsoft co-founder Paul Allen launched a patent lawsuit against the company, claiming that it uses technology owned by his firm. Allen has also filed claims against

Apple

(AAPL) - Get Report

,

Google

(GOOG) - Get Report

,

Facebook

and others.

Apple closed Friday down $1.10 at $322.56 while Google dipped almost $5 to close at $593.97.

And despite the fact that reports of

stellar online retail sales

for the

holiday season

keep rolling in,

Amazon

(AMZN) - Get Report

dropped 1.50% to close the year at $180.

--Written by Olivia Oran in New York.

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