This Day On The Street
Continue to site
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

Dell, Facebook, Mellanox: Tech Premarket

NEW YORK ( TheStreet) -- Dell (DELL) shares climbed 5.78% to $13 in premarket trading on Tuesday as buyout speculation again swirled around the beleaguered tech giant.

Bloomberg reported on Monday that the No. 3 PC maker, once the world's largest, is in buyout talks with private-equity firms.

Dell hasn't yet responded to TheStreet's request for comment on this story, although the company's shares surged on the media report, closing up 12.96% on Monday.

The Texan firm was also the most active premarket Nasdaq stock on Tuesday on share volume of 1,158,531.

Facebook (FB - Get Report), which hosts a major press event at its headquarters in Menlo Park, Calif., on Tuesday, was another gainer in premarket trading.

Shares of the social networker rose 1.14% to $31.30 before market open on Tuesday, after closing down 2.44% on Monday. Facebook was also one of the most active premarket Nasdaq stocks on share volume of 296,165.

There has been plenty of speculation about Facebook's likely announcement, with rumors swirling around possible search engine news or a streaming video deal with Netflix (NFLX - Get Report).

Netflix shares slipped 0.11% to $103.33 on Tuesday after gaining 2.13% during the prior day's session. Shares of key Facebook partner Zynga (ZNGA) gained 0.38% to $2.63 after rising 1.16% on Monday.

TheStreet will be attending and live-blogging Facebook's press event from 12:30 p.m. EST on Tuesday:

Mellanox (MLNX - Get Report) was another gainer on Tuesday, rising 4.81% to $52.94 after UBS upgraded the storage specialist to buy from neutral and raised its price target to $65 from $56.

"We believe the risk-reward for Mellanox is compelling," wrote UBS analyst Steven Milunovich, in a note released on Tuesday. " We are above consensus for 2013 and believe the stock downside is limited."

QLogic (QLGC - Get Report) also jumped in premarket trading on Tuesday after reporting better-than-expected preliminary third-quarter results.

The network infrastructure specialist's shares rose 8.74% to $11.07.

Apple (AAPL - Get Report), which saw its shares lose 3.5% during Monday's trading, crept up 0.39% to $503.7 on Tuesday.

ARM (ARMH), however, was a laggard, falling 4.81% to $40.56 on share volume of 252,187.

Handset giant RIM (RIMM) was a more modest loser, though, slipping 0.74% to $14.84.

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
AAPL $117.81 0.00%
ARMH $50.32 0.00%
FB $105.45 0.00%
MLNX $45.12 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs