RIM, Nvidia, Fusion-io, Yahoo!: Tech Premarket
NEW YORK (TheStreet) -- Research In Motion (RIMM) was one of the big gainers in premarket trading on Friday, after a media report said IBM (IBM) may be interested in buying its enterprise services business.
Citing two unnamed people familiar with the matter, Bloomberg reported that IBM made an informal approach about acquiring the division.
RIM shares climbed 5.51% to $8.23 on Friday. The embattled Canadian handset maker was also one of the most active premarket Nasdaq stock on share volume of 754,449.
Shares of IBM dipped 0.13% to $198.17 in premarket trading.IBM and RIM both declined to comment on this story, saying that they don't comment on rumor and speculation. Nvidia (NVDA) was another gainer in premarket trading, rising 3.94% to $15.29 after the company's strong second-quarter results, released after market close on Thursday. The chipmaker was another active premarket Nasdaq stock on share volume of 301,224. Fusion-io (FIO), however, was an even bigger gainer, with shares surging 22.45% to $25.74 following the company's strong fourth-quarter results, released on Thursday. The storage specialist reported record revenue of $106.6 million -- a 49% revenue hike from the prior year's quarter and a 13% sequential increase. "Our performance is reflecting our unique position in the market," noted Fusion-io CEO David Flynn, in an interview with TheStreet, pointing to the company's recent launch of its ION Data Accelerator software. "It performs the role of an open SAN [Storage Area Network]," he explained. Describing the new offering as a "software-defined storage product", Flynn noted that the ION Data Accelerator lets firms share the IO-memory on an off-the-shelf-server and share that with other servers. While the software didn't have a meaningful impact on Fusion-io's fourth-quarter numbers, the company expects to start seeing the ION Data Accelerator contribute to its top line during the coming months. "ION has some impact on our guidance for the next fiscal year," explained Flynn.
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