The top pre-market NASDAQ stock market losers are: Sequenom, Itron, Leap Wireless International, Netflix, Synopsys, ARM Holdings, Clearwire, ASML Holding, Vodafone Group, and Voltaire.

Sequenom Inc. (SQNM) plunged 8.96 percent to $6.20 in the pre-market session. The company said it plans to sell shares of its common stock in an underwritten public offering. Jefferies & Company, Inc. is acting as sole book-running manager and Lazard Capital Markets LLC and Piper Jaffray & Co. are acting as co-managers for the offering.

Itron, Inc. (ITRI) lost 3.60 percent to $54.30 in the pre-market trading.

Leap Wireless International Inc. (LEAP) plummeted 2.86 percent to $10.86 in the pre-market session.

Netflix, Inc. (NFLX) dropped 2.58 percent to $194.98 in the pre-market session. Jim Cramer said on his 'Mad Money' program that holders of Netflix should sell at least half their position, Bloomberg reported. Cramer said he’s now taking the stock from a buy to a hold. Investors who sell half “are playing with the house’s money,” he said.

Synopsys Inc. (SNPS) tumbled 1.92 percent to $26 in the pre-market trading. The company's fourth quarter adjusted profit was $59.9 million or 39 cents a share, up from $49.5 million or 33 cents a share last year. Revenue rose to $375.5 million from $338.3 million. Analysts had expected profit of 39 cents a share on revenue of $355.58 million.

Synopsys expects first quarter adjusted profit of 38 cents to 41 cents a share and revenue of $360 million to $368 million. Analysts expect profit of 41 cents a share on revenue of $362.80 million. The company expects fiscal 2011 adjusted profit of $1.67 to $1.77 a share and revenue of $1.5 billion to $1.525 billion. Street expects profit of $1.75 a share on revenue of $1.47 billion for 2011.

ARM Holdings plc (ARMH) fell 1.63 percent to $18.75 in the pre-market trading.

Clearwire Corp. (CLWR) declined 1.47 percent to $6.72 in the pre-market session. The company said its subsidiary Clearwire Communications LLC intends to raise over $1.1 billion through the offering of debt securities in private placement transactions.

Clearwire Communications is offering $175.0 million first-priority senior secured notes due 2015, $500.0 million of second-priority secured notes due 2017 and $500.0 million of exchangeable notes due 2040 and will grant the initial purchasers of the exchangeable notes an option to purchase up to an additional $100.0 million of exchangeable notes.

Separtely, Clearwire Corp. said Sprint has nominated William Blessing, Mufit Cinali and Hossein Eslambolchi for election to its board. Their election is expected to occur on December 10.

ASML Holding NV (ASML) decreased 1.28 percent to $34 in the pre-market session.

Vodafone Group plc (VOD) fell 1.24 percent to $25.55 in the pre-market trading.

Voltaire Ltd. (VOLT) moved down 0.69 percent to $8.60 in the pre-market session.

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