Qualcomm to POWER New LG Smartphone and 1 Morning Hot Stock to Eye

In benchmarking tests Qualcomm’s (NASDAQ:QCOM) new APQ8064 app processor is far ahead of Nvidia’s (NASDAQ:NVDA) Tegra 3 and according to the company, will be used by LG in a forthcoming smartphone. Taken with the capabilities witnessed in the MSM8960 baseband/app processor, it appears Qualcomm’s R&D spending is headed in the right direction, though ultimately, it is customer response that will matter.

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Qihoo 360’s (NYSE:QIHU) new search engine has Baidu (NASDAQ:BIDU) up in arms and consulting lawyers, say Chinese blogs. According to Sohu’s (NASDAQ:SOHU) Sogou unit  there’s a 38% match between Qihoo and Baidu’s  search results. It is not known whether Baidu intends to sue Qihoo, but the development has certainly spooked its shares. Qihoo shares, on the other hand, are on a roll, not least because of its strong quarterly earnings report.

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