Bank technology stocks were mixed last week, mirroring weakness among technology stocks in general.
The Dow Jones industrial average rose 303.91 in the week to a record 8906.43. The technology-laden Nasdaq composite rose 17.4 points, to 1789.1. Goldman, Sachs & Co.'s index of U.S.-traded technology companies, which lists many bank technology stocks, remained unchanged at 162.6.
Electronic Data Systems Corp. rose $3 for the week, to $50.25. The Plano, Tex., bank outsourcer said it will spin off Unigraphics Solutions Inc., according to a filing with the Securities and Exchange Commission.
The Maryland Heights, Mo.-based unit, which sells product development software, may raise as much as $125 million.
First Data Resources Inc., a unit of First Data Corp., Hackensack, N.J., signed a five-year deal with First Citizens Bank and Trust Co., Raleigh, N.C., to process credit and debit card transactions.
Terms were not disclosed. Shares of First Data's stock rose $1,5625, closing Friday at $35.125.
Shares of Computer Sciences Corp.'s stock rose $7.125, to $1.
Computer Associates International Inc., the Islandia, N.Y.-based software developer, made a hostile bid for Computer Sciences at $108 per share, but ended the effort amid a flurry of anti-takeover measures.
Computer Associates will return to investors the 10% of Computer Sciences' shares it obtained, according to a regulatory filing.