Facebook, Qualcomm, RIM: Tech Premarket
Wednesday was the first day that companies involved in underwriting the largest-ever tech IPO could issue recommendations on Facebook. Shares of the social networking phenomenon closed down 2.63% in Wednesday trading after a slew of analyst reports struck a generally cautious tone on Facebook.
Facebook shares are down more than 15% since the company's IPO last month.
Shares of key Facebook partner Zynga
Investors were underwhelmed by the social gamer's "Unleashed" event earlier this week, which saw Zynga announce several new games and a new social network.
Zynga shares closed down 2.34% on Wednesday.
Embattled Canadian handset maker Research In Motion
Analysts surveyed by Thomson Reuters are looking for RIM to report a loss of 1 cent a share on revenue of $3.11 billion, compared to earnings of $1.33 a share and sales of $4.9 billion in the same period last year.
TheStreet will be live-blogging RIM's first-quarter earnings, starting at 3:45 p.m. EDT.
--Written by James Rogers in New York.
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