It's been a busy week in the equities market. Earnings reports are coming fast and furious. I thought I would catch up on a few companies with a brief look at their numbers.

First up is an entity from the consumer products sector. Kimberly-Clark (KMB), a colleague of Procter & Gamble (PG), issued fourth-quarter data on Friday. Sales increased over 8%, with a better currency environment helping things out. Organic sales powered up almost 3%, driven in part by higher prices. Per-share profit went up over 15% to $1.17.

All three of the major indexes finished Tuesday in the red, but there were several big names that moved up to new 52-week highs in Tuesday's trading.

Walgreen Co. (NYSE: WAG): The drugstore giant had a really good day on Wall Street after posting better than expected earnings in the morning before the market opened. The company posted earnings of 44 cents per share versus analyst estimates of 39 cents. The stock set a new 52-week high of $38.44 and closed the day up 9.2% at $37.35.

With the market being propelled upward due to private equity and corporate acquisitions, investors should not stay on the sidelines. Rather, they should target private equity's next frontier -- IT services. Of the companies in this sector, Unisys Corp. (NYSE: UIS), Perot Systems Corp. (NYSE: PER) and Ingram Micro, Inc. (NYSE: IM) may be worth examining.

A few months ago, I suggested several sectors and companies that private equity could target next. On Friday, TheStreet.com reiterated one of those sectors -- IT services. Here's how much seven such companies have gone up or down since my March 29th post along with their market capitalizations ranked by their Price/Earnings to Earnings Growth (PEG) ratios:

Back in 1988, Darwin Deason founded Affiliated Computer Services, Inc. (NYSE: ACS) to help build computer and software systems for major clients. It's turned out to be a successful business as the company generated $5.3 billion revenues last year. A big focus is on processing bank transactions and healthcare claims.

Now, Deason is taking ACS private in a $8.2 billion deal. The private equity buyer is Cerberus Capital Management.

Like many techs, ACS suffered from a stock options investigation. It was a managerial distraction (the CEO departed) and expensive.

So it's understandable why Deason wants to leave the public markets.

What's more, Deason will roll-over his major position in ACS stock in the deal. He certainly sees long-term potential here. And with voting control, he can basically call the shots.

However, he may have to bump the $59.25 offer up a bit. The current stock price is $60.10.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The EDGAR-Online Guide to Decoding Financial Statements.