|Company||Starting Price*||Recent Price||Total Return|
|S&P 500 SPDR||$124.94**||$150.96||20.83%|
Source: Yahoo! Finance.
* Tracking began at market close on Jan. 6, 2012.
** Adjusted for dividends and other returns of capital.
Another earnings week brought a mixture of good and weird news:
1). On Tuesday, Oracle Corporation (NASDAQ:ORCL) announced plans to acquire beleaguered telecom equipment manufacturer Acme Packet, Inc. (NASDAQ:APKT) for $2.1 billion in cash, or $29.25 a share. An odd move for Oracle, whose stated “communications” business is light on equipment and software for telecom carriers. Meanwhile, Acme Packet continues to trade above Oracle’s stated purchase price. Investors apparently believe a competing bid is in the works.
2). On Thursday, while Riverbed was busy disappointing the Street, Linkedin Corporation (NYSE:LNKD) reported revenue and earnings that blew away analyst targets. Profits came in $0.16 ahead of expectations as revenue soared 81% to $304 million. The company’s core Talent Solutions business, which helps connect recruiters and companies with candidates, rose 90% year over year. The stock jumped more than 20% on the news.
3). Also on Thursday, Greenlight Capital’s David Einhorn sued Apple in hopes of forcing the company to release some of its cash to shareholders via any number of strategies, including issuing preferred shares that pay a 4% dividend.
The article I’m Sticking With Riverbed Technology: Here’s Why It May Be Time to Buy originally appeared on Fool.com and is written by Tim Beyers.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Apple, Google, Rackspace Hosting, Riverbed Technology, and salesforce.com at the time of publication. Check out Tim’s Web home and portfolio holdings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends Acme Packet, Apple, LinkedIn, and Riverbed Technology and owns shares of Apple, LinkedIn, Oracle., and Riverbed Technology.
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