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TI, Nokia, Intel, Sirius: Tech Premarket

Tickers in this article: TXN INTC SIRI NOK

NEW YORK (TheStreet) -

Texas Instruments(TXN) was one of the big pre-market losers, falling 1.74% to $26.55 after the FBR Capital Markets downgraded the chip maker to underperform.

Citing the potential for weaker-than-expected third-quarter revenue guidance, FBR also highlighted possible challenges in the company's wireless business and gross margin impacts.

Dallas-based TI, which reports its second-quarter results next week, raised the low end of its revenue and earnings estimates last month.

Nokia(NOK) was another loser in pre-market trading as investors digested AT&T's(T) price cut of the handset maker's Lumia 900 phone.

The price reduction - from $99 to $49.99 with a two-year contract, comes just three months after the launch of the Microsoft(MSFT) Windows 8 phone.

Shares of Nokia fell 1.63% to $1.81 before market open.

Intel(INTC) , which reports its second-quarter results after market close on Tuesday, slipped 0.36% to $25.16 on Monday.

Sirius XM(SIRI) also slipped in pre-market trading, dipping 0.49% to $2.04. The satellite radio specialist was one of the most active Nasdaq stocks on share volume of 202,852.

--Written by James Rogers in New York.

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