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Tech News: CES News Results in Only Minor Stock Movements for Intel, Sony, and Qualcomm

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Plus, experts believe cyber attacks on mobile wallets will increase this year.

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This column brings you the most interesting and useful business and financial commentary on the world of technology every day.

USA Today
Link: CES News Barely Nudges Tech Stocks

"Monday was a busy day for the International Consumer Electronics Show, as several tech companies such as Intel (NASDAQ:INTC) and Sony (NYSE:SNE) made big announcements.

"However, none of them seemed to impact stocks in a significant way on Tuesday. Fresh off unveiling new details on their line of lightweight Ultrabook computers, Intel is up just over 1% on the Nasdaq."

CNNMoney: Tech
Link: Smartphone Cyberattacks to Grow This Year

"A significant rise in smartphone attacks is predicted every year, and it hasn't happened yet. But that isn't stopping major security firms from saying this will be the year that phones will finally emerge as a major target for cybercriminals.

"There are many reasons why smartphones are vulnerable. For one, they run most of the same software that smartphone users also use on their computers. Smartphones also have many additional capabilities that hackers can exploit. They can connect to other potentially vulnerable devices using Bluetooth and send and receive text messages, for example."

Bloomberg
Link: Samsung Profit Beats Estimates as Galaxy Fends Off iPhone 5

"Samsung Electronics (KRX:005930), the world's largest maker of mobile phones and TVs, reported higher-than-expected fourth-quarter earnings as sales of Galaxy smartphones withstood the debut of Apple's (NASDAQ:AAPL) iPhone 5.

"Operating profit rose 89 percent to a record 8.8 trillion won ($8.3 billion) in the three months ended December, Samsung said in a statement of preliminary results today. That compares with the 8.5 trillion-won average of 35 analyst estimates compiled by Bloomberg. The Suwon, South Korea-based company didn't give net income or divisional figures."

ZDNet
Link: CES 2013: Broadcom Debuts 'Game Changer' Chip for HDTVs

"Broadcom (NASDAQ:BRCM) reps have described the BCM7445 UltraHD TV decoder solution as 'a game changer for big screen and Internet video in the home' because it is supposed to 'dramatically' improve the picture quality on larger displays.

AllThingsD
Link: HTC in a Long, Dark Tunnel With a Small Flashlight

"HTC (TPE:2498) is beset on all sides. It's being pummeled at the market's high end by Apple and Samsung, while manufacturers like ZTE kick it in the knees at the low end. And its big bets to put forth a flagship device for two different mobile operating systems - Android and Windows (NYSE:MSFT) Phone - haven't quite panned out. Samsung has Android locked up, and while there's still room to throw a few elbows in the Windows Phone market, Nokia (NYSE:NOK) has its flag firmly planted there."

Twitter: @ChrisWitrak
No positions in stocks mentioned.
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