Stocks to Watch: RIM, AMD (Update 1)
NEW YORK -- Investors at Research In Motion's(RIMM) annual shareholders' meeting Tuesday will be listening for details about the troubled BlackBerry maker's long-term strategy.
RIM recently reported a worse-than-expected loss in its first quarter, announced 5,000 job cuts, and said it was delaying its long-awaited BlackBerry 10 technology.
RIM shares ticked up 5 cents, or 0.65%, in premarket trading Tuesday to $7.72.
Advanced Micro Devices(AMD) said it sees a sequential decrease in revenue of 11% for the second quarter, down from a prior forecast for growth of 3%.
The chipmaker cited slow growth in China and Europe as well as weak consumer demand for PCs for the weak outlook.
Shares of Advanced Micro Devices fell 10.14% in premarket trading Tuesday to $5.05.
Alcoa(AA) , the aluminum giant, topped Wall Street's second-quarter earnings forecasts by a penny.
Revenue totaled $5.96 billion but that was down from a year earlier and Alcoa's operating profit was just $61 million for the three-month period.
Shares of Alcoa ticked up 7 cents, or 0.8%, in premarket trading Tuesday to $8.83.
Intel will invest about $1 billion in ASML's research and development over five years, and will eventually take a $3.1 billion, 15% stake in Netherlands-based ASML.