Google, Facebook, Apple, ARM: Tech Premarket
NEW YORK (TheStreet) -- Google (GOOG) gained 1.17% to $649.50 in premarket trading as news of job cuts at unit Motorola Mobility emerged.
The search giant, which bought Motorola Mobility for $12.5 billion last year, revealed the 20% work force reduction in a filing with the Securities and Exchange Commission. Google also indicated that the Motorola Mobility cuts are an attempt to return the unit back to profitability.
Facebook (FB) was one of the most active premarket Nasdaq stocks on share volume of 211,195. The social networker's stock crept up 1.11% to $22.05.
Apple (AAPL) shares crept up 0.34% to $623.83 as the next-generation iPhone appears to loom ever closer.
Chip design specialist ARM Holdings (ARMH), which announced a 20-nanometer partnership with semiconductor manufacturing giant GlobalFoundries early on Monday, slipped 0.59% to $26.94 before market open. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: tips@thestreet.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devicesSelect the service that is right for you!
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