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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.

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

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SYM TRADE IT LAST %CHG
CLWR $0.00 0.00%
AAPL $125.80 0.00%
ERIC $10.86 0.00%
S $4.99 0.00%
SIRI $3.84 0.00%

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