RIM, Clearwire, Tellabs: Tech Premarket
NEW YORK (TheStreet) -- Research Iin Motion(RIMM) was a gainer in premarket trading on Wednesday, as the handset maker continues it momentum ahead of its BlackBerry 10 launch next month.
Shares of the Canadian firm climbed 0.95% to $12.72 before market open after ending Tuesday's session up 6.06%.
Initial reaction to the recent demos of RIM's much-delayed BlackBerry10 OS has been positive, and there seems to be plenty of pent-up demand for the technology.
Some 76% of respondents to TheStreet's ongoing BlackBerry 10 poll say that they will go out and buy a BlackBerry 10 device.
RIM was also one of the most active premarket Nasdaq stocks on share volume of 50,324.
Shares of Intel(INTC) , which unveiled its new Atom S1200 server processor on Tuesday, climbed 0.68% to $20.79 in premarket trading, after closing up 2.46% during the previous session.
Initial response to the chip has been positive. "The new server system on-chip hits lower-power levels, and includes key features such as error code correction, 64-bit support, and virtualization technologies required for use inside data centers," wrote Charles King, principal analyst at tech research firm Pund-IT, in a note.
RBC Capital Markets analyst Doug Freedman said he believes that the new processor will strengthen Intel's position against chip design giant ARM(ARMH) .
"We believe that INTC is positioning itself to the best of its ability given intensifying pressure (roadmap) from ARM into the micro-server segment," he wrote, in a note.
Clearwire(CLWR) was also a winner, rising 5.97% to $2.84 on share volume of 54,050, lifted by media reports that Sprint(S) is in talks with Intel and Comcast(CMCSA) to buy out their stakes in the wireless provider.