The AlwaysOn X Fund portfolio advanced 3.6% for the week, while the NASDAQ was up 3.7%, and the S&P 500 was up 3.8%. For the year, the AO X Fund portfolio is up 6.9%, the NASDAQ is down 1.6%, and the S&P 500 is down 0.9%.

Apple presented its new iPod lines with the iPod Touch 4G now having Facetime video calling. Also introduced was the new Apple TV for $99 that lets users watch shows for 99 cents and also connects to Netflix and YouTube. For the week, AAPL advanced 7.1%.

Virtualization and cloud computing leader VmWare acquired TriCipher, an on-demand identity assurance and management company, and Integrien, a performance management company, for undisclosed amounts. For the week, VMW advanced 6.5%.

Smart metering leader Itron entered a partnership with Cisco to advance IP-based communications for the power grid to connect from people's homes to power distribution equipment on the grid. For the week, ITRI advanced 6.3%. www.nextupresearch.com.

Michale Moe is an AlwaysOn contributing editor and a former co-founder of ThinkEquity.