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
TheStreet Open House

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 - Get Report) 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 - Get Report) 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.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
FIO $0.00 0.00%
IBM $160.40 0.00%
NVDA $21.38 0.00%
YHOO $45.10 0.00%
AAPL $123.25 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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