Shares of Amazon.com, Inc. (AMZN) are down marginally in pre-market hours following news the e-commerce giant is adding 100K holiday jobs in order to meet increased customer demand.
“We’ve hired more than 25,000 full-time associates across the U.S. in recent months and we’re looking forward to adding 100,000 seasonal employees for the upcoming holiday season,” said in a statement Mike Roth, Amazon’s VP of North America operations.
Amazon hired 80,000 workers last year for the holidays.
Shares of Apple Inc. (AAPL) are slightly higher at $111.47 in pre-market trade. CEO Cook revealed that Apple-Music currently has 6.5 million paid users. 8.5 million others are still participating in a 3-month free trial of the service. Cook also revealed that the tech giant will start taking orders for the Apple TV on Monday and will start shipping it by the end of next week.
SanDisk Corp. (SNDK) shares surged 8.75% to $78.30 in pre-market trading following multiple reports saying the chip maker is in advanced talks to be acquired by Western Digital Corporation (WDC).
While no agreement has been signed yet, reports say the parties could reach a deal as soon as this week.
Rambus Inc. (RMBS) dropped $2.37 to $11.52 in pre-market trading after it reported fiscal third-quarter earnings.
The chipmaker handed in adjusted earnings of $0.14 per share on revenue of $73.8 million, missing Wall Street estimates of $0.15 per share on revenue of $76.21 million. The company said it’s seeing lower royalty revs – $219.5 million, or 2%, on a yoy basis– and noted it would have to sign new customer agreements for patent and solutions licensing to achieve its revenue goals.
For Q4/15, the networking company issued revenue projection of $71 – $77 million, compared to the consensus revenue estimate of $83.50 million.
RMBS currently prints a one year return of about 26% and a year-to-date return of around 25%.