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

RIM, Clearwire, Tellabs: Tech Premarket

NEW YORK ( TheStreet) -- Research Iin Motion (RIMM) was a gainer in premarket trading on Wednesday, as the handset maker continues it momentum ahead of its BlackBerry 10 launch next month.

Shares of the Canadian firm climbed 0.95% to $12.72 before market open after ending Tuesday's session up 6.06%.

On Tuesday, RIM officially doubled off its lows earlier in the year, the same day that it announced its BB10 SDK (Software Development Kit) for the developer community.

Initial reaction to the recent demos of RIM's much-delayed BlackBerry10 OS has been positive, and there seems to be plenty of pent-up demand for the technology.

Some 76% of respondents to TheStreet's ongoing BlackBerry 10 poll say that they will go out and buy a BlackBerry 10 device.

RIM was also one of the most active premarket Nasdaq stocks on share volume of 50,324.

Shares of Intel (INTC - Get Report), which unveiled its new Atom S1200 server processor on Tuesday, climbed 0.68% to $20.79 in premarket trading, after closing up 2.46% during the previous session.

Initial response to the chip has been positive. "The new server system on-chip hits lower-power levels, and includes key features such as error code correction, 64-bit support, and virtualization technologies required for use inside data centers," wrote Charles King, principal analyst at tech research firm Pund-IT, in a note.

RBC Capital Markets analyst Doug Freedman said he believes that the new processor will strengthen Intel's position against chip design giant ARM (ARMH).

"We believe that INTC is positioning itself to the best of its ability given intensifying pressure (roadmap) from ARM into the micro-server segment," he wrote, in a note.

Clearwire (CLWR) was also a winner, rising 5.97% to $2.84 on share volume of 54,050, lifted by media reports that Sprint (S) is in talks with Intel and Comcast (CMCSA) to buy out their stakes in the wireless provider.

Apple (AAPL - Get Report) was another gainer in premarket trading, rising 0.86% to $546.02 on share volume of 80,771.

Tellabs (TLAB), however, was a big loser, plunging 15.52% to $2.83 on share volume of 906,128.

Seagate (STX - Get Report) was another loser, tumbling 3.72% to $27.95.

Shares of Facebook (FB - Get Report) dipped 0.11% to $27.95.

--Written by James Rogers in New York.

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

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
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!
SYM TRADE IT LAST %CHG
CLWR $0.00 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
INTC $32.47 0.00%
STX $57.43 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs