DJIA Tech Winners: Microsoft and 2 Stocks Benefitting from CES

The Technology SPDR ETF (NYSEARCA:XLK) is up 0.46% to $26.05. The tech sector is performing well today as the CES kicks off with huge press coverage. The following Dow 30 tech stocks are moving on this news.

In his opening keynote address at the Consumer Electronics Show in Las Vegas, Microsoft (NASDAQ:MSFT) CEO Steve Ballmer said sales of the Kinect for the Xbox game console are over the18 million mark just a little over a year since its debut, reports Reuters. Ballmer implied that Microsoft sold in the neighborhood of 7 million Xbox and Kinect units during the holiday season, and said there are currently more than 66 million Xbox units in use and more than 40 million subscribers to Xbox Live.

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At the Consumer Electronics Show, Intel (NASDAQ:INTC), the world’s biggest chip maker, announced that its third generation of Core microprocessors will act as the brains of new ultra-thin devices. Ensuring the success of these “ultrabooks is of major interest to Intel as it wants its chips to be in them if the devices become the mainstream computers of the near future.

At the event, Hewlett-Packard Co (NYSE:HPQ) and Dell Inc. (NASDAQ:DELL) and are rolling out “ultrabook” laptops. HP has unveiled a laptop with a 14-inch screen priced at $1,400, and Dell is about to introduce its own version of the “ultrabook,” a concept being pushed by Intel Corp.

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To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com