RIM, Clearwire, Tellabs: Tech Premarket
Shares of the Canadian firm climbed 0.95% to $12.72 before market open after ending Tuesday's session up 6.06%.
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), 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) 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) was another loser, tumbling 3.72% to $27.95. Shares of Facebook (FB) dipped 0.11% to $27.95. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: email@example.com.
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