Qualcomm (QCOM - Get Report) shares ticked up 0.36% after the company agreed to invest $120 million in beleaguered technology company Sharp. Through its Pixtronix subsidiary, Qualcomm will invest the money to help develop new power-saving screens, which are based off Sharp's IGZO technology. "With this agreement Sharp will accelerate its strategy for growth in small-to medium-sized LCDs," Sharp said in a statement. Qualcomm will own 2.64% of Sharp's equity after the deal, making it one of Sharp's largest shareholders.
Apple (AAPL - Get Report) shares were off 0.75% to $581.81 in premarket trading as China Unicom (CHU - Get Report) made the iPhone 5 available for pre-order, and saw over 100,000 orders the first day. Apple announced last week that both the iPhone 5 and the Wi-Fi versions of its iPad mini and fourth generation iPad will be coming to China later this month. Interested in more on Apple? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull