This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Facebook, Qualcomm, Apple: Tech Premarket

Stocks in this article: FBQCOMAAPLCHU

NEW YORK ( TheStreet) -- Facebook (FB) shares crept higher in premarket trading Tuesday, gaining 0.11% to $27.07, after a judge agreed to preliminary approve a settlement between some of its users over privacy issues.

U.S. District Judge Richard Seeborg granted preliminary approval of $20 million to settle the claims that Facebook used some of its users' named without their permission, while advertising products through its "Sponsored Stories."

As part of the revised settlement, Facebook will also revise its terms so that users can better see when they are being a product endorser, particularly when they click "like" on a product or game.

The Menlo Park, Calif.-based Facebook also announced its first ever product without needing a Facebook account, Facebook Messenger for Android. Users can sign up using just a phone number.


Qualcomm (QCOM) 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) shares were off 0.75% to $581.81 in premarket trading as China Unicom (CHU) 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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,355.66 +160.24 0.93%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,624.9460 +58.8080 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs