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Clearwire, Ciena, RIM, Apple: Tech Premarket

NEW YORK ( TheStreet) - Clearwire (CLWR) was the biggest gainer in premarket trading on Thursday, after Sprint (S) revealed its intention to buy out the wireless specialist.

In a filing with the Securities and Exchange Commission, Sprint said that it plans to acquire Sprint stock that it does not already own for $2.90 a share, a deal worth around $2.1 billion.

Clearwire shares climbed 10.55% to $3.04 before market open on share volume of 25,256,169.

Sprint shares dipped 0.71% to $5.62.

Ciena (CIEN - Get Report) was another gainer, rising 3.4% to $16.10, while RF Micro Devices (RFMD - Get Report) gained 3.41% to reach $4.55.

Research In Motion (RIMM), which has enjoyed strong momentum recently ahead of its BlackBerry 10 launch next year, was also a gainer. The Canadian handset maker's shares rose 0.98% to $13.44.

Ericsson (ERIC - Get Report) rose 0.52% to $9.69.

Apple (AAPL - Get Report) shares, however, dipped 1.6% to $530.36.

--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
AAPL $127.94 -1.10%
CIEN $20.35 -1.90%
ERIC $12.80 0.31%
RFMD $16.59 -2.07%
CLWR $0.00 0.00%

Markets

DOW 18,118.12 +21.22 0.12%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

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