Technology Sector Review: Protests Against Apple, Oracle to Acquire Taleo

Taleo Corp (NASDAQ:TLEO): Oracle (NASDAQ:ORCL) announced that it has entered into an agreement to acquire Taleo Corporation (NASDAQ:TLEO) for $46 per share, approximately $1.9 billion, net of Taleo’s cash and debt. Taleo’s Talent Management Cloud helps organizations attract, develop, motivate and retain human capital to improve performance and drive growth.

The shares closed at $45.64, up $6.7, or 17.21%, on the day. Its market capitalization is $1.89 billion.

iRobot Corporation (NASDAQ:IRBT): Robot maker iRobot (NASDAQ:IRBT) reported Q4 EPS of 38c, compared with analysts’ consensus estimate of 32c. However, the company’s revenue came in lower than expected. Moreover, iRobot provided Q1 EPS guidance of (8c)-0c, versus the consensus estimate of 30c. The robot maker provided FY12 EPS guidance of 75c-95c, versus the consensus of $1.45. “As we look at 2012, we feel very good about the growth opportunity for our home robot business in 2012 and beyond,” said iRobot CEO Colin Angle. “However, we expect a decline in top and bottom line in our (government and industrial) division this year due to our current limited visibility in our defense business.,” Angle added. In a note to investors, JP Morgan responded to iRobot’s weaker than expected results by downgrading the stock to Underweight from Neutral. The firm lowered its target on the shares to $30 from $37.50. In early trading, iRobot plunged $11.51, or 30.05%, to $26.78.

The shares closed at $25.17, down $13.13, or 34.28%, on the day. Its market capitalization is $680.52 million.

Agilysys, Inc. (NASDAQ:AGYS): Reports Q3 revenue $51.6M vs.$59.0M in Q3 2011.

The shares closed at $7.41, down $1.25, or 14.43%, on the day. Its market capitalization is $167.69 million.

American Superconductor (NASDAQ:AMSC): Reports revenue $18.1M vs. consensus $15.97M. Revenues for the third quarter of fiscal 2011 were $18.1M. This compares with $31.6M for the third quarter of fiscal 2010 and $20.8M for the second quarter of fiscal 2011. The year-over-year decline is due primarily to lower shipments from the company’s Grid segment while the quarter-over-quarter decline was due to slightly lower shipments of wind turbine power electronics and controls from the company’s Wind segment.

The shares closed at $5.57, down $0.46, or 7.63%, on the day. Its market capitalization is $286.42 million.

Apple Inc. (NASDAQ:AAPL): Protesters plan to gather outside a number of Apple (NASDAQ:AAPL) stores around the world today, in order to protest working conditions at factories that make the company’s products, The Washington Post reported yesterday. Apple cares about all of the workers in its supply chain, and insists that its suppliers provide safe working conditions, said a company spokesman, but Apple’s own audit found that 44% of the facilities in its supply chain didn’t implement changes that would prevent repetitive injuries, the newspaper noted.

The shares closed at $493.17, up $16.49, or 3.46%, on the day. Its market capitalization is $459.82 billion.

Microsoft Corporation (NASDAQ:MSFT): According to sources, the Justice Department is close to approving a deal whereby Nortel (NRTLQ) will sell a portfolio of patents to a consortium of companies including Apple (NASDAQ:AAPL), Microsoft (MFST) and Research in Motion (NASDAQ:RIMM) for $4.5B, reports the Wall Street Journal.

The shares closed at $30.77, up $0.11, or 0.36%, on the day. Its market capitalization is $258.18 billion.

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