This Day On The Street
Continue to site
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

Mellanox, HP, Apple: Tech Premarket

NEW YORK ( TheStreet) -- Mellanox (MLNX - Get Report) shares tumbled 2.96% to $107.57 before market open on Monday after the server and storage component specialist announced the retirement of Chief Financial Officer Michael Gray.

As part of a planned transition, Gray, who has served as the company's financial chief since December 2004, will retire from his role on Nov. 5. Mellanox also announced on Monday that it has appointed Jacob Shulman, the firm's vice president of finance, to the CFO role, effective Nov.5.

In a statement, Mellanox said that Gray has no plans to join another company in a similar CFO capacity and intends to spend more time with his family in Oregon.

HP (HPQ - Get Report) shares dipped 0.4% to $17.35 as the tech giant revealed plans to extend its job cuts.

The No. 1 PC maker expects to cut 29,000 jobs as part of its wide-ranging restructuring plan, 2,000 more than its prior forecast. The Palo Alto, Calif.-based company will make the cuts through fiscal 2014, according to filing with the Securities and Exchange Commission.

HP also announced four new consumer PCs early on Monday.

Apple (AAPL - Get Report) shares dipped 0.04% to $680.19 as the clock ticks down on the company's press event on Wednesday, which is expected to mark the launch of the new iPhone 5.

The Cupertino, Calif.-based firm was also one of the most active premarket Nasdaq stocks on share volume of 87,975.

TheStreet will be attending and live-blogging Wednesday's event in San Francisco.

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

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

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
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.24 -0.36%
HPQ $33.65 0.00%
MLNX $47.34 0.00%
FB $78.80 -0.01%
GOOG $540.78 0.00%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs