Check out the companies making headlines before the bell. Intel – The chipmaker rose 4% on news that asset management company Apollo Global Management offered to make an equity-like investment of as much as $5 billion in Intel, according to a Bloomberg News report on Sunday.
confirmed on Friday that Qualcomm had recently approached Intel about a takeover. Intel has lost more than half its value this year, and last reached an all-time high in the summer of 2000. Ciena – The networking software maker added more than 4% after a double upgrade by Citigroup to buy from sell cited an improving landscape in the broader telecommunications/cable industry. The bank sees bookings growth heading into next year.
's Samantha Subin, Sarah Min, and Pia Singh contributed reporting.
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