This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Qualcomm's Atheros Deal: Weekly Tech Recap

NEW YORK (TheStreet) -Qualcomm (QCOM) kicked off 2011 with the year's first big tech acquisition, buying chipmaker Atheros (ATHR) for $3.1 billion, in a deal which could help Qualcomm compete more effectively with Broadcom (BRCM) and Intel (INTC) .

Atheros, which makes chipsets for wireless devices like laptops and tablets, is a longstanding Qualcomm partner. Atheros shares surged nearly 19% Tuesday after the deal was announced. Qualcomm's stock rose about 1%.

Qualcomm

Speaking at CES earlier this week, Paul Jacobs, Qualcomm's CEO, told TheStreet that Atheros' technology will complement Qualcomm's existing chips in smartphone handsets. "Your phone will be kind of a remote control for the world around you," he said, explaining that it could be used to control the likes of printers, TVs and Blu-Ray players. "It really fulfills a vision that we have of where the industry is going."

Qualcomm shares closed down 94 cents, or 1.78%, at $51.73 on Friday. Atheros' stock ended the day up 12 cents, or 0.27%, at $44.68.

Motorola's Big Split

After eight decades as a single entity, Motorola (MOT) split into two separate, publicly-traded, entities on Monday. A consumer-focused company, Motorola Mobility (MMI) is responsible for technologies such as handsets and tablets, while Motorola Solutions (MMI) is handling the company's enterprise and networks businesses.

Wall Street's reaction to the split -- particularly the advent of Motorola Mobility -- has been generally positive, with Goldman Sachs initiating coverage of the consumer firm with a buy rating and $37 price target.

Shares of Motorola Mobility closed up 5 cents, or 0.15%, at $33.06 on Friday. Motorola Solutions' stock closed down 78 cents at $38.90.

CES Tablet Fest

Tablets were the unquestionably the big technology at the Consumer Electronics Show (CES) in Las Vegas this week, with Motorola showing off its Xoom device, and Research In Motion's (RIMM) PlayBook leading a slew of announcements.

The first device to run Google's (GOOG) designed-for-tablets Honeycomb OS, the Xoom features a 10-inch screen, 5 megapixel camera, and a 1-gigaherz Tegra 2 processor from Nvidia (NVDA). The Xoom will launch with 3G this quarter and will be upgradable to 4G later in the year.

Other companies making tablet announcements at CES included Lenovo, Asus and Dell (DELL), which joined forces with T-Mobile to launch a 7-inch version of its Streak mini-tablet.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs