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Apple iOS 4: Weekly Tech Recap

From Apple's iOS4 to Sprint's HTC EVO, here's a roundup of TheStreet's top tech stories for the week.

Leading with the week's big Apple news, here's a roundup -- with updates -- of TheStreet's top technology stories.

NEW YORK (

TheStreet

) --

Apple

(AAPL) - Get Report

shares were up about a dollar, mirroring the broader advance in tech stocks that were were trading up about 0.86% during late Friday afternoon trading.

ArcSight

(ARST)

, which is

one of TheStreet's top security stocks

, led the sector with gains of more than 22% after posting strong fourth-quarter numbers.

Chinese gaming company

Perfect World

(PWRD)

was also a gainer, and its stock rose more than 14% while

Cypress Semiconductor

(CY) - Get Report

was up nearly 2% to $10.77. The San Jose, Calif., semiconductor firm has been getting lots of attention for its chips, which play a role in powering various touchscreen and mobile devices.

Apple's Big Week

Apple was tech's biggest headliner for the week, thanks mostly to the Monday launch of its

new iPhone 4

and the rebranding of its smartphone operating system, iOS 4.

TheStreet

stormed San Francisco to cover

Apple's Worldwide Developers Conference

live, where hoodie-robed developers and fanboys lauded the iPhone's upgrades -- longer battery life, video chat capabilites, and LED flash to name a few.

>>New iPhone 4: Instant Analysis

Apple's iPhone momentum continued throught the week, with

PC Magazine

reporting Friday that Apple has already started soliciting developers and their applications for the new iOS 4 platform, which goes live June 21 -- just a few days before the next-generation iPhone hits stores on June 24.

In other Apple news,

TheStreet

recently spoke with a handful of Apple investors about what they think regarding

Apple's dividend strategy

. Apple hasn't paid a dividend since 1995, when it decided to focus on growth to help best tech heavyweights like

Microsoft

(MSFT) - Get Report

. Today, investors -- and

TheStreet

readers -- are divided on whether or not zero dividends is a good thing.

"Any company with real growth prospects needs cash to realize that growth," commented "Steve3" on the story. "If you believe Apple has significant growth prospects then you should be happy that it has the cash."

Bad news hit Apple on Wednesday, when gossip blog

Gawker

reported that

AT&T's

(T) - Get Report

Web site security had been breached, impacting more than 100,000

TST Recommends

iPad user accounts

and leaving some of the country's most powerful folks vulnerable to hacking and spam marketing.

On Friday, the

Wall Street Journal

reported that the FBI had confirmed its investigation, opened Thursday, into how iPad users' information was compromised.

Apple shares were trading up 1.28% near the close Friday, at about $253.

Can Sprint One-Up AT&T, Apple?

Bets are on as to whether or not

Sprint's

(S) - Get Report

newest smartphone can best -- or merely keep up with -- Apple's iPhone.

Sprint's HTC EVO phone debuted

in stores on Monday, and folks were lined up for blocks outside the telco's Manhattan stores. The

HTC EVO

is billed as the first 4G phone, which operates on a limited WiMax network.

>>iPhone 4 vs. Android EVO

Sprint shares surged Monday nearly 3% after the debut; on Friday Sprint stock was up 2.75% to $4.86.

Tech: The Week Ahead

Tune into

TheStreet

starting Tuesday for coverage of the 15th annual E3 Expo, video gaming's largest tradeshow. Techies and gamers are expecting to hear a few big hardware-related announcements, starting with Microsoft's unveiling of its new Natal gaming peripheral.

Besides providing an investor's guide as to what to expect with popular gaming companies,

TheStreet

will be live-blogging important E3 press events.

One Last Thing: The semiconductor market, headed by

Intel

(INTC) - Get Report

and British firm

ARM Holdings

(ARMH)

, continues to heat up after a handful of well-known tech firms including

IBM

(IBM) - Get Report

,

Samsung

, and

Texas Instruments

(TXN) - Get Report

, formed an alliance to streamline development of mobile devices powered by ARM products.

Visit us Wednesday, when

TheStreet

looks into what this means for open-source devices and the broader tablet and smartphone markets.

--Written by James Rogers in New York

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