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Top Technology Stocks:

MSFT: +0.82%

AAPL: +1.18%

IBM: +0.73%

CSCO: +0.50%

GOOG: +1.12%

Tech giants were rallying pre-bell Tuesday.

Early movers include:

(-) Cree ( CREE ), which was declining more than 4% after saying it now expects sales to come in the range of $245 million to $252 million, below its previous forecast of $263 million to $271 million and less than the $268.6 million average analyst estimate compiled by Capital IQ.

(+) Broadcom ( AVGO ) was up over 4% after announcing a two-year deal to supply Apple ( AAPL ) with radio-frequency ( RF ) front-end components and modules for its smartphones, tablets and watches, and to maintain and allocate to them sufficient manufacturing capacity and other resources to make these products.

(-) Axcelis Technologies ( ACLS ) was retreating by almost 2% after saying it sees Q2 revenue guidance to be about $75 million, compared with the previous guidance of $80 million, due to the delay in the shipment of a high energy system to a Chinese customer that was originally slated for late June. It also said it expects to post a loss during the quarter.

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