This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

RIM, Nvidia, ARM: Tech Premarket

Stocks in this article: RIMM NVDA ARMH INTC

NEW YORK ( TheStreet) -- Research In Motion (RIMM) was the biggest loser in premarket trading on Friday, falling 14.35% to $7.82 as the handset maker's problems continue.

The embattled Canadian handset maker posted weaker-than-anticipated first-quarter results after market close on Thursday. RIM reported revenue of $2.81 billion, down from $4.91 billion in the same period last year, and well below analysts' estimate of $3.07 billion.

Investors also balked at the company's bottom line as RIM reported an adjusted loss of $192 million, or 37 cents a share. Analysts surveyed by Thomson Reuters were looking for a loss of 4 cents a share.

RIM also announced 5,000 job cuts, as well as another delay for its long awaited BlackBerry 10 technology.

"Our top priority going forward is the successful launch of our first BlackBerry 10 device, which we now anticipate will occur in the first quarter of calendar 2013," said CEO Thorsten Heins, in a statement released after market close.

RIM was the most active premarket Nasdaq stock on heavy share volume of 971,317.

Chipmaker Nvidia (NVDA), however, was one of tech's big gainers, climbing 2.95% to reach $13.63 as semiconductor stocks ticked upward. Shares of the graphics specialist were lifted by news earlier this week that Google's (GOOG) Nexus 7 tablet will feature the company's Tegra 3 quad-core CPU.

Nvidia is also enjoying positive sentiment from analysts. Canaccord Genuity, for example, upgraded Nvidia to buy earlier this week, citing the strength of its Tegra technology and its Kepler chips.

Chip specialist ARM Holdings (ARMH) was also one of tech's gainers, rising 1.82% to $23.45. ARM was another active premarket stock on share volume of 233,050.

Semiconductor giant Intel (INTC) rose 1.51% to $26.22 before market open.

--Written by James Rogers in New York.

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

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

Select the service that is right for you!

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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