This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tech Premarket: Sirius, Apple, Riverbed, IBM

Stocks in this article: SIRI AAPL IBM RVBD FB

NEW YORK (TheStreet) -- Sirius XM (SIRI) was one of the most active premarket Nasdaq stocks, rising 0.24% to $3.78 on share volume of 779,614.

Media conglomerate Liberty Media (LMCA) said last wek that it will seek to make the Internet radio specialist a wholly owned subsidiary. On Wednesday, two separate law firms announced investigations into the proposed acquisition.

Facebook (FB) is another premarket mover, with shares of the social network rising 0.76% to $58.67. Some 474,403 of the company's shares were changing hands.

Apple (AAPL) shares were rising 0.54% to $546.41. The iPhone maker and Samsung have agreed to meet to discuss settling a two-year legal battle.

Riverbed Technology (RVBD) was another premarket mover, rising 1.13% to $19.75 after climbing dramatically during Wednesday's trading session. The networking specialist's shares closed up 9.41% at $19.53 on Wednesday after hedge fund Elliott Associates made a $3.08 billion offer to acquire the company.

Deutsche Bank upgraded Riverbed to hold from sell and raised its price target to $16 from $11 in a note released on Wednesday. "Our sense is that Elliott is looking for any scenario but status quo to improve operational efficiency in RVBD's business," wrote Deutsche Bank analyst Brian Modoff in a note released on Wednesday.

IBM (IBM) shares gained 0.81% to $189.50 before market open as the tech bellwether prepares to ramp up its Watson supercomputer strategy. The Armonk, N.Y., company is setting up a New York City-based business unit devoted to Watson. Based at 51 Astor Place in New York's "Silicon Alley" tech hub, the Watson Group will focus on cloud-based innovation and also will help customers cope with the challenge of big data.

The hardware and software giant will invest more than $1 billion in the Watson Group, focused on R&D and bringing cloud-based applications and services to market. The company will make $100 million of its investment available for venture investments in startups and businesses building Watson-powered apps.

IBM will host a Watson event Thursday morning in downtown Manhattan, where CEO Ginni Rometty is expected to provide an update on Watson's role in the commercial world.

--Written by James Rogers in New York.

>Contact by Email.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs