Shares of BlackBerry maker Research In Motion were dropping 11.9% to $56.45 in premarket trading Friday after the company disappointed Wall Street with its outlook.RIM competitor Apple was rising 0.9% to $347.99 in premarket trading.
Oracle was rising 4.4% to $33.55 as the software giant's results got a round of applause after beating Wall Street's profit expectations and after it lifted its quarterly dividend by 20%.
German software company SAP was rising 2% to $61.13 after competitor Oracle beat expectations and SAP got a boost to overweight from neutral from HSBC.
Shares of oil giant BP were trading 1.3% lower at $46.20 after an arbitration tribunal ruled against the company's $8 billion stock swap with Russia's Rosneft.
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