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%.
Also at CES, Intel ( INTC) launched Sandy Bridge, its new 32-nanometer chip, and Microsoft ( MSFT) CEO Steve Ballmer demonstrated several notebooks running a future version of Windows on a "system-on-a-chip," or ARM ( ARMH) processors. Dell shares closed down 28 cents, or 1.96%, at $13.98 on Friday. Microsoft's stock was down 22 cents, or 0.76%, at $28.60. Verizon's Swanky Press Event Verizon will kick off next week by holding a New York City press event Tuesday morning. The service provider laid out its 4G roadmap at CES and unveiled a slew of Android smartphones and tablets, but made no mention of Apple's ( ARMH) iPhone, which is widely expected to appear on Verizon's network this year. Cue intense speculation about next week's event, which takes place at a Lincoln Center jazz club. Chatter around the blogosphere speculated that Apple CEO Steve Jobs could very well join Verizon's Lowell McAdam at the New York event, but specific details remain shrouded in secrecy. Verizon has not yet responded to TheStreet's request for comment on this story. Verizon shares closed down 30 cents, or 0.83%, at $35.93 on Friday. --Written by James Rogers in New York. >To follow the writer on Twitter, go to http://twitter.com/jamesjrogers. >To submit a news tip, send an email to: email@example.com.