Google, Facebook, Apple, ARM: Tech Premarket
The search giant, which bought Motorola Mobility for $12.5 billion last year, revealed the 20% work force reduction in a filing with the Securities and Exchange Commission. Google also indicated that the Motorola Mobility cuts are an attempt to return the unit back to profitability.
Facebook(FB) was one of the most active premarket Nasdaq stocks on share volume of 211,195. The social networker's stock crept up 1.11% to $22.05.
Chip design specialist ARM Holdings(ARMH) , which announced a 20-nanometer partnership with semiconductor manufacturing giant GlobalFoundries early on Monday, slipped 0.59% to $26.94 before market open.
--Written by James Rogers in New York.
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