Quest, RIM, SanDisk: Tech Premarket
This story has been updated with RIM's response.
The software maker was also the most active premarket Nasdaq stocks on share volume of 842,532.
Research In Motion
RIM, which reports its first-quarter results after market close on Thursday, nixed the rumor of split.
"RIM has hired advisers to help the Company examine ways to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives," explained a spokesman, in an email to TheStreet. "As
Shares of the Flash storage specialist rose 1.49% to $36.90 on Monday after Goldman upgraded the company to buy, citing an attractive entry point for the stock.
"We think the stock can move meaningfully higher through year end as we expect reduced supply growth to drive improved NAND industry fundamentals, which should lead to a gross margin recovery for SanDisk in the second half of 2012," explained Goldman analyst James Schneider, in a note.
SanDisk, which specializes in NAND Flash storage products, closed up 1% during Friday trading.
--Written by James Rogers in New York.
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