IMAX, NFLX: Tech Winners & Losers
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
,
(GOOG) - Get Report
,
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
for the
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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