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HEXUS.sharewatch: Investors approve of Avnet acquisition of Bell

by Scott Bicheno on 12 April 2010, 12:53

Tags: Apple (NASDAQ:AAPL), Avnet (NYSE:AVT)

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This week's HEXUS.sharewatch covers a two week period. In that time US markets have risen by, on average, two percent. But, as ever, there was considerable variation among individual stocks.

The biggest gainer was value-added distribution giant Avnet, which announced its bid for rival Bell Microproducts a couple of weeks ago. It looks like investors generally approved of the deal as, in the intervening time, Avnet's share price has risen by nearly ten percent.

Also formally launched in this period was Apple's iPad. Apple has wasted little time in crowing about how many it has sold and has stayed in the news with a preview of its next generation mobile operating system - iPhone OS 4. As a result Apple's share price closed on a new all-time high last week and its market cap is not too far from Microsoft's now.

Apple's shares cost $85 in early March 2009, so congratulations to anyone who bought then. The beers are on you.

 

Company Listing Share price 15/3/10 Share price 22/3/10 Share price 29/3/10 Share price 12/4/10 14-day change Market cap (bn)
AMD AMD 8.93 9.11 9.02 9.30 3.1% 6.25
Apple AAPL 226.70 222.30 230.90 241.79 4.7% 219.25
ARM ARMH 10.43 10.23 10.57 11.27 6.6% 4.93
Avnet AVT 28.79 29.07 28.37 31.07 9.5% 4.71
Cisco CSCO 25.88 26.15 26.47 26.60 0.5% 152.30
Dell DELL 14.26 14.41 14.99 15.83 5.6% 30.99
Google GOOG 579.54 560.03 562.69 566.22 0.6% 180.05
HP HPQ 52.36 52.49 53.42 53.87 0.8% 126.33
IBM IBM 127.94 127.71 129.26 128.76 -0.4% 167.26
Ingram Micro IM 18.01 17.93 17.66 18.00 1.9% 2.96
Intel INTC 21.27 22.01 22.24 22.55 1.4% 124.57
Microsoft MSFT 29.24 29.61 29.66 30.34 2.3% 266.10
Nokia NOK 14.84 15.07 15.46 15.01 -2.9% 56.21
Nvidia NVDA 17.25 17.25 17.34 16.99 -2.0% 9.62
Oracle ORCL 25.05 25.19 25.69 26.13 1.7% 131.15
Qualcomm QCOM 38.95 40.05 41.83 42.17 0.8% 70.87
Tech Data TECD 43.26 44.00 41.93 42.94 2.4% 2.21
Dow .DJI 10624.69 10741.98 10850.36 10997.35 1.4% N/A
FTSE 100 .FTSE 5625.65 5650.12 5732.62 5770.98 0.7% N/A
NASDAQ .IXIC 2367.66 2374.41 2395.13 2454.05 2.5% N/A


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