Nuance Acquires Swype; iPhone 4S Pre-Orders Begin

NEW YORK ( TheStreet) - Nuance Communications ( NUAN) shares edged up 0.5% to $22 in premarket trading on Friday after announcing it is acquiring software maker Swype for $102.5 million.

Swype makes popular predictive software for smartphones, allowing users to swipe their fingers across keys rather than typing.


Apple ( AAPL) shares rose 0.2% to $378.29 two days after the death of founder Steve Jobs. Jobs, who introduced the iPod, iPad, iPhone and Mac computer to consumers, passed away after a long battle with cancer.

In other Apple news, pre-orders for the iPhone 4S began on Friday from Apple and its carrier partners. The phone was unveiled earlier this week, disappointing some consumers who were hoping for a totally redesigned iPhone 5.


LinkedIn ( LNKD) on Thursday said it is launching status updates for companies so they can share the latest news with followers. Individuals can already post these updates. The move is designed to increase user engagement with the business social network, making LinkedIn's company profiles similar to those of Facebook Pages.

Shares of LinkedIn jumped 0.7% to $78 in premarket trading on Friday.


Palantir Technologies, a data analytics platform, has raised $70 million in funding at a $2.5 billion valuation, according to TechCrunch. The company was founded by former PayPal employees and Stanford computer scientists.

--Written by Olivia Oran in New York.

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