VMware, Cisco, Baidu, Apple: Tech Premarket

NEW YORK ( TheStreet) -- VMware ( VMW) was one of the big losers in premarket trading on Tuesday, slipping 3.06% to $86.50 as investors responded to the company's acquisition of network virtualization software maker Nicira.

The virtualization giant announced the deal, as well as its second-quarter results, after market close on Monday. VMware will pay more than $1 billion in cash for Nicira.

Cisco ( CSCO) was another premarket loser, dipping 1.37% to $15.85 as investors responded to the company's latest round of job cuts. The Dow component announced plans to cut 2% of its total work force on Monday.

At the end of its fiscal third quarter in May, Cisco had 65,223 employees worldwide.

Baidu ( BIDU), however, was a major gainer, climbing 5.79% to $113.30 following strong second-quarter results, released on Monday.

Shares of Apple ( AAPL), which reports its third-quarter results after market close, rose 0.57% to $607.25 before market open. The iPhone maker was also one of the most active premarket Nasdaq stocks on share volume of 106,652.

TheStreet will be live-blogging Apple's third-quarter earnings, starting at 3:45 p.m. EDT.

--Written by James Rogers in New York.

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

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

More from Technology

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists