NEW YORK (
is holding its Worldwide Developers' Conference next week, and the buzz surrounding the event is incredibly strong.
Apple is expected to launch several
including new computers and a new mobile operating system. The tech giant may even mention the company's oft-rumored television set.
Rumors have been flying about what Apple could announce this year, with talk about the iPhone 5 and an Apple television intensifying.
One of the main attractions at WWDC will likely be Apple's next mobile operating system, iOS 6. Among the expected additions is a
, Siri support for the iPad,
integration, automatic updates for apps, a change in the user interface coloring scheme, and perhaps the ability to swipe with two fingers, as well as several other features.
Rumors about Apple's new television have swirled seemingly forever, but there have also been rumblings about a new operating system for the existing Apple TV.
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"Apple may possibly introduce a new Apple TV OS for the current set-top-box device, we believe it would just be another UI
user interface on top of iOS 6," wrote Jefferies & Company analyst Peter Misek in a note. "New content bundles and partnerships may be announced as well as we believe video and TV will be the major focus."
Shares of Apple gained 3.45% during the week to close at $580.32.
Speaking of Facebook, the IPO continues to be labelled a
, as the fallout from the troubled offering continues. On Tuesday
NASDAQ OMX Group
announced that it's working to
for the exchange's technological blunders.
The board of the Nasdaq OMX Group has approved a "voluntary accommodations fund" of approximately $40 million. The
Securities and Exchange Commission
still has to review the proposal, but approximately $13.7 million would be paid in cash to member firms.
put the payout as high as $100 million, or perhaps greater.
The rest of the money would go toward crediting members to reduce trading costs. The payments are expected to be delivered within six months for the vast majority of firms, the exchange operator said.
Facebook launched its
, named App Center, on Thursday. The move represents a clear sign of competition with Apple and
, which have their own app stores.
Shares of Facebook fell sharply during the week, closing down 2.24% to wind up at $27.10. Nasdaq shares edged higher, closing the week up 3.46% at $22.12.
finalized its acquisition of
the social enterprise software company for $689 million.
Buddy Media, which counts
among its customers, helps firms exploit their social media marketing with a technology platform that measures the effectiveness of their efforts and lets them test new initiatives.
The Buddy Media deal adds a key string to the Salesforce.com social media bow, according to CEO Marc Benioff.
"Salesforce.com now has the number one players in social listening and marketing - Radian6 and Buddy Media," he explained, in a statement. "With CMOs surpassing CIOs in spend on technology within the next five years, our Marketing Cloud leadership will allow us to capitalize on this massive opportunity."
Salesforce will pay approximately $687 million in cash and Salesforce.com equity for Buddy Media. The acquisition is expected to close during the company's fiscal third quarter.
Shares of Salesforce ended the week up 4.2% at $136.49.
continues to focus on expanding its business for the content boom, the company
its latest router technology on Tuesday, unveiling its new family of ASR 5500 products.
The tech giant is touting the ASR 5500 as a key tool to help service providers wrestling with an explosion in Internet connections. Cisco predicts mobile Internet traffic will increase 18-fold by 2016.
the ASR 5500 accelerates a lot of what Facebook is trying to do, particularly in the mobile environment," said Murali Nemani, Cisco's director of service provider mobility, during an interview with
. "Facebook has an app called Friend Mapping that's a constant update, happening by the minute."
Shares of Cisco gained 4.82% to close at $16.73.
confirmed a major security breach on Wednesday, which saw
LinkedIn director Vincente Silveira explained, on the company blog, that "some of the passwords that were compromised correspond to LinkedIn accounts."
Shares of Linkedin gained 5.19% during the week to close at $96.26.
Next week is a big one, as Apple's WWDC takes center stage in the tech world. I'll be out in California doing a live blog of the event. I'll also be meeting with several other technology companies and will have some exciting things to talk about when I get back. I'll be off the grid most of the week, but fear not, loyal readers, I will return.
Enjoy the weekend everyone.
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-- Written by Chris Ciaccia in New York