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Clearwire, Sprint, Sirius: Tech Premarket

NEW YORK ( TheStreet) -- Clearwire (CLWR) was a big gainer in premarket trading on Monday, rising 12.93% to $2.62, after key partner Sprint Nextel (S) announced its merger with Japanese telecom giant Softbank.

Clearwire was also the most active premarket Nasdaq stock on share volume of 3,514,868.

The Softbank/Sprint deal will see the Japanese firm acquire a 70% stake in the No. 3 U.S. telecom provider for $20.1 billion. Sprint shares rose 2.09% to $5.85 before market open on Monday.

Sirius XM (SIRI - Get Report) shares gained 0.36% to reach $2.79. The satellite radio specialist was also one of the most active premarket Nasdaq stocks on share volume of 268,985.

Apple (AAPL - Get Report), which is rumored to be planning the forthcoming launch of its iPad Mini, crept up 0.46% to $632.6.

Ericsson (ERIC - Get Report) shares, however, slipped 0.91% to $8.67 before market open.

--Written by James Rogers in New York.

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CLWR $0.00 0.00%
AAPL $132.24 2.00%
ERIC $11.41 0.00%
S $5.32 1.50%
SIRI $3.96 0.76%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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