Mellanox, Clearwire, eBay: Tech Premarket

NEW YORK ( TheStreet) - Mellanox ( MLNX) was a big loser in premarket trading on Thursday, tumbling 14.75% to $83.67 after the server and storage specialist's third-quarter results.

Despite beating Wall Street's estimates after market close on Wednesday, the company's shares went into free fall on weaker-than-expected guidance.

For the fourth quarter, Mellanox expects revenue between $145 and $150 million, well below the consensus estimate of $157 million.

Mellanox, which competes with Broadcom ( BRCM), Emulex ( ELX) and QLogic ( QLGC), predicts a slowdown in large deals during the fourth quarter.

Clearwire ( CLWR) was another laggard in premarket trading on Thursday falling 5.31% to $2.14 after The Wall Street Journal reported that partner Sprint's ( S) in talks to gain control of the Clearwire board.

EBay ( EBAY), which reported its third-quarter results on Wednesday and raised its full-year guidance, was up 0.73% to $48.55.

Apple ( AAPL), which will host a major press event in San Jose, Calif., next week, was down 0.53% to $641.18.

--Written by James Rogers in New York.

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

More from Technology

Trump Puts Tech in Trade War Crosshairs With Planned Curb on China Investment

Trump Puts Tech in Trade War Crosshairs With Planned Curb on China Investment

These 5 Tech Giants Still Aren't That Expensive

These 5 Tech Giants Still Aren't That Expensive

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

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?