In tune with the general market, bank technology stocks mostly rose last week.
The Dow Jones industrial average rose 180.61 and closed at 8370.1 Friday. The average, which hit an all-time high last week, is up 5.8% for the year.
Goldman, Sachs & Co.'s index of U.S.-traded technology firms, which lists many bank technology companies, rose 1.4 points to close Friday at 160.3. The index is up 11.7% for the year.
Computer Sciences Corp. was the largest mover in the bank technology sector, climbing $18.125 for the week, to $107.375, on word of Computer Associates International Inc.'s acquisition bid.
Computer Associates, the world's third-largest software company, behind Microsoft Corp. and Oracle Corp., offered $108 per share for El Segundo, Calif.-based Computer Sciences.
CSC competes with Electronic Data Systems Corp. and International Business Machines Corp. in the computer services and outsourcing business. Computer Associates, based in Islandia, N.Y., wants to beef up in computer services. Negotiations in the potential deal are ongoing.
In other news, Sterling Commerce Inc. rose $3.375 for the week, to $41.3125. The Dallas-based provider of electronic commerce software and services announced fiscal first-quarter revenues of $106.3 million, up 42% from the year-earlier period.
The company earned 26 cents per share, matching Wall Street's expectations.
