IBM, Intel, Apple: Pre-Market Movers
By James Rogers - 04/17/12 - 9:25 AM EDT
NEW YORK (TheStreet
) -- IBM
, which reports its fiscal first-quarter results after market close today, is up 0.7% in pre-market trading.
Analysts expect a decent quarter
from IBM, which is the first major enterprise IT company to report quarterly results.
Early on Tuesday, Big Blue announced an $850 million deal to sell its retail Point-of-Sale systems and solutions business to Toshiba
. The deal is expected to close late in the second quarter or early in the third quarter of 2012.
As part of the deal, Toshiba Tec is entering into a multi-year agreement to become a premier business partner for IBM's Smarter Commerce offerings.
also reports its first-quarter results after the market close. The chip giant's shares are up 0.3% today.
Shares of embattled Internet giant Yahoo!
crept up 0.5% ahead of the company's first-quarter results, which also come after the market close.
was one of the most active Nasdaq stocks on pre-market share volume of 402,122. Shares of Apple, which tumbled more than 4% on Monday, gained 0.5%.
Research In Motion
was another active Nasdaq stock on share volume of 150,050. On Monday, Bloomberg
reported that the troubled handset maker is in discussions
with a financial adviser to help it weigh its strategic options.
Shares of RIM, which declined to comment on the story when contacted by TheStreet
, are down 0.3% before the market open.
--Written by James Rogers in New York.
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