Yahoo's New Chief, Angie's List Bears Rise Up

Intel   and  Qualcomm   during at the Consumer Electronics Show will fight for control of the mobile devices market. Qualcomm will try to squeeze Intel by showing off notebooks based on Qualcomm chips together Intel will announce phones with its chips, renewing a push into Qualcomm's market.

Apple's   price target is cut by Morgan Keegan to $513 from $530. The slash follows indications that iPad and Mac sales fell short of expectations in December. Morgan Keegan as well lowers its usually accepted accounting principals revenues per share estimate for the latest quarter to $10.10 from $10.24.

Rambus   rose considerably premarket afterwards raising fourth quarter revenue guidance to around $83 million. This was up from its prior forecast of $66 million-$71 million and consensus of $69 million.

IBM   snatches privately held Green Hat. Shares are down premarket, however for an undisclosed amount as it makes another strategic buy in the cloud computing space.

Acme Packet's   fourth quarter decline is leading to broad-based weakness in networking equipment names.  Juniper Networks   ,  F5 Networks, Inc.   ,  Riverbed Research Inc.   ,  Alcatel-Lucent   ,  LM Ericsson Telephone Company   ,  Cisco Systems   ,  Aruba Networks, Inc.  are all down as so then. The company's soft guidance and comments about soft demand from North American telecommunication companies lead to fears of a weak 2012 capex environment.

Apple   plans to open mini-stores inside  Target  retail stores, which total around 170,000 locations, according to reporting from AppleInsider. The move could help expand Apple's reach into smaller metro areas.

Nokia   is making it clear it however sees a place for less powerful software on the low end of its product line even as it aligns itself with Windows Phone . The latest proof comes via its acquisition of software firm Smarterphone, whose operating system provides smartphone-like capabilities. In October, Nokia acquired mobile Linux developer Meltimi.