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Apple, EMC, Broadcom: Tech Premarket

NEW YORK (TheStreet) -- Apple (AAPL) was a big loser in premarket trading on Wednesday as investors digested the company's second-quarter results.

The iPhone maker's shares fell 3.25% to $392.95. Apple was also one of the most active premarket Nasdaq stocks on share volume of 1,479,963.

As well reporting its quarterly results on Tuesday, Apple announced plans to buy back an additional $50 billion in stock while raising its dividend by 15%.

ARM Holdings (ARMH) was another loser, slipping 2.31% to $45.25, while Cisco (CSCO) was off 1.96% at $20.50.

AT&T (T) shares were off 4.28% to $37.33, weighed down by the company's first-quarter revenue miss on Tuesday.

EMC (EMC) was also a laggard, slipping 1.7% to $21.98 after its first-quarter numbers came in below Wall Street's top- and bottom-line forecasts. The storage maker reported its results before market open on Wednesday.

Broadcom (BRCM), however, was a big winner, rising 5.06% to $34.65, lifted by the company's strong first-quarter results on Tuesday. The chip maker was another active pre-market Nasdaq stock on share volume of 224,198.

--Written by James Rogers in New York.

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

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