Dell, Facebook, Mellanox: Tech Premarket
Bloomberg reported on Monday that the No. 3 PC maker, once the world's largest, is in buyout talks with private-equity firms.
Dell hasn't yet responded to TheStreet's request for comment on this story, although the company's shares surged on the media report, closing up 12.96% on Monday.
The Texan firm was also the most active premarket Nasdaq stock on Tuesday on share volume of 1,158,531.
Facebook(FB) , which hosts a major press event at its headquarters in Menlo Park, Calif., on Tuesday, was another gainer in premarket trading.
Shares of the social networker rose 1.14% to $31.30 before market open on Tuesday, after closing down 2.44% on Monday. Facebook was also one of the most active premarket Nasdaq stocks on share volume of 296,165.
Netflix shares slipped 0.11% to $103.33 on Tuesday after gaining 2.13% during the prior day's session. Shares of key Facebook partner Zynga(ZNGA) gained 0.38% to $2.63 after rising 1.16% on Monday.
TheStreet will be attending and live-blogging Facebook's press event from 12:30 p.m. EST on Tuesday:
Mellanox(MLNX) was another gainer on Tuesday, rising 4.81% to $52.94 after UBS upgraded the storage specialist to buy from neutral and raised its price target to $65 from $56.
"We believe the risk-reward for Mellanox is compelling," wrote UBS analyst Steven Milunovich, in a note released on Tuesday. " We are above consensus for 2013 and believe the stock downside is limited."
QLogic(QLGC) also jumped in premarket trading on Tuesday after reporting better-than-expected preliminary third-quarter results.
The network infrastructure specialist's shares rose 8.74% to $11.07.
Apple(AAPL) , which saw its shares lose 3.5% during Monday's trading, crept up 0.39% to $503.7 on Tuesday.
ARM(ARMH) , however, was a laggard, falling 4.81% to $40.56 on share volume of 252,187.
Handset giant RIM(RIMM) was a more modest loser, though, slipping 0.74% to $14.84.
--Written by James Rogers in New York.
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