APKT received a bid from ORCL today for 29.24 and is trading just below there. My understanding is that CSCO could have some interest. This seems like a low-risk trade for the next few days/weeks, as the cost of failure would seem to be low given the likelihood of the deal with ORCL going through if there isn't another buyer. Some have said that the valuation is "high", but earnings have dipped here and are projected to rise in 2013 after plunging in 2012. I don't have a lot of conviction, but I wanted to pass it along for those who care. The stock traded as high as 36 within the past year.
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