Weekly Tech Biz Roundup: Yahoo’s New Chief, Angie’s List Bears Rise Up

Intel (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM) while 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 at the same time Intel will announce phones with its chips, renewing a push into Qualcomm’s market.

Radvision (NASDAQ:RVSN) reports better-than-expected preliminary fourth quarter results. Sales are $21.5 million-$22 million vs. consensus of $17.35 million. There was a loss of $0.18-$0.21 per share vs. consensus of a $0.31/share loss.

Investing Insights: Why Apple Will Never Dominate the Global Mobile Market.

Apple’s (NASDAQ:AAPL) 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 also lowers its generally accepted accounting principals earnings per share estimate for the latest quarter to $10.10 from $10.24.

Rambus (NASDAQ:RMBS) rose considerably premarket after 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.

Don’t Miss: Google May Disrupt the Cable Business Forever.

TripAdvisor (NASDAQ:TRIP) makes gains after an upgrade from Bank of America to Buy from Underperform on valuation. Expectations are that the firm’s fourth quarter report will improve transparency as it stands on its own after a spinoff from Expedia (NASDAQ:EXPE).

Priceline.com (NASDAQ:PCLN) shot up. The announcement that Overstock.com (NASDAQ:OSTK) has selected the company to run its new travel website, called O.co Travel, is believed to be the reason.

Angie’s List (NASDAQ:ANGI) slid after a large host of analysts picked up coverage. Janney initiates coverage at Buy with a $19 price target. However, three other major firms start with Sector Perform or their equivalents, which is not too impressive given that Eric Savitz writes, “the Street’s tendency is to stay bullish on their own merchandise.”

Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), Yahoo (NASDAQ:YHOO) and eBay (NASDAQ:EBAY) and other tech firms are so opposed to the Stop Online Piracy Act [SOPA] that there’s been talk of a “nuclear option” where they would simultaneously go “dark” to protest the legislation. The blackout would most likely happen on Jan. 23, but the Senate is scheduled to debate the Stop Online Piracy Act on Jan. 24.

Don’t Miss: Yahoo’s New CEO Tasked With Reviving Ad Sales.

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

Acme Packet’s (NASDAQ:APKT) fourth quarter decline is leading to broad-based weakness in networking equipment names. Juniper Networks (NYSE:JNPR), F5 Networks, Inc. (NASDAQ:FFIV), Riverbed Technology Inc. (NASDAQ:RVBD), Alcatel-Lucent (NYSE:ALU), LM Ericsson Telephone Company (NASDAQ:ERIC), Cisco Systems (NASDAQ:CSCO), Aruba Networks, Inc. (NASDAQ:ARUN) are all down as well. The company’s soft guidance and comments about soft demand from North American telecommunication companies lead to fears of a weak 2012 capex environment.

Investing Insights: Salesforce.com Fails To Steal Market Share from Microsoft and Oracle.

Netflix’s (NASDAQ:NFLX) propensity to upset its users during 2011 over price hikes did not outweigh the fact that over 2 billion hours of television was watched by members including shows and movies via the company’s streaming service during the fourth quarter alone. This could signal a change in the company’s momentum.

Yahoo (NASDAQ:YHOO) will be streaming live through a blog from Wall Street Journal the discussion of appointing Scott Thompson as Chief Executive Officer. He is an experienced technologist, but he lacks experience-selling advertisements, which might come up, as a possible topic of conversation.

Sony’s (NYSE:SNE) PlayStation Vita sales continue to head downhill in a hurry: Media Create estimates only 42,600 units were sold in Japan starting December 26, down from around 72,000 in the prior week. Nintendo (NTDOY.PK) 3DS units that were sold in the country were much higher than Sony’s hitting around 198,000. Estimations are that the Japanese gaming industry overall declined 8% in 2011.

Google (NASDAQ:GOOG) may have a formal antitrust complaint filed against it from European regulators due to search practices. The European Union Competition Commission “is to date not in a position to say whether its investigation will lead to issuing a statement of objections,” it said.

Don’t Miss: Solar Companies Get a Huge Boost from China.

MetroPCS (NYSE:PCS) suffers the biggest drop in the S&P 500 after reporting it added 197,000 net new users in the fourth quarter, down from 297,000 in the year-ago period. This was far below the analyst consensus, which had predicted 223,000. Churn was 3.7%, up from 3.5% a year ago. Leap Wireless (NASDAQ:LEAP), which is a smaller competitor, said it added in-line 175,000 subscribers in its fourth quarter.

AOL (NYSE:AOL) has spiked a little after announcing a content distribution partnership with Parenting.com. CEO Tim Armstrong is speaking via webcast at a Citi conference.

Investing Insights: Financial Biz Recap: Alibaba’s Loan, Canadian Bank Downgrade.

Symantec’s (NASDAQ:SYMC) flagship Norton Antivirus program was hacked by a group called Lordds of Dharmaraja and it tells of how it is designed to work and threatened to release the source code. Symantec states that the post is an outdated document from 1999 and that “there is no actual source code present.”

Apple (NASDAQ:AAPL) plans to open mini-stores inside Target (NYSE:TGT) 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.

Investing Insights: Electronics Hurt Revenues at Best Buy and 3 Big Retailers.

Corning (NYSE:GLW) says it will introduce Gorilla Glass 2, the next-gen version of its hit specialty glass product, at the 2012 Consumer Electronics Show next week. Gorilla Glass is used in more than 575 products currently, which can be molded into 3-dimensional shapes.

Youku.com (NYSE:YOKU) and Tudou (NASDAQ:TUDO) legal issues could have major implications for future IP battles in China. Tudou is appealing directly to political authorities to handle the matter rather than through the Chinese court system – a move that could speed up decision-making and force authorities to reconsider their positions on IP issues.

Don’t Miss: BlackBerry: Staring at the Face of Extinction.

Nokia (NYSE:NOK) is making it clear it still sees a place for less powerful software on the low end of its product line even as it aligns itself with Windows Phone (NASDAQ:MSFT). 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.

Zynga (NASDAQ:ZNGA) has had a rough week, possibly due to the lack of enthusiasm behind the just launched, Hidden Chronicles game. Paul Tassi notes the game bears a strong resemblance to Playdom’s (NYSE:DIS) Gardens of Time, and sees it as evidence that Zynga “refuses to innovate in any way.”

Oracle (NASDAQ:ORCL) was refused a request by a judge, reports CNBC. It will immediately appeal the ruling that damages in a corporate theft trial against SAP Ag (NYSE:SAP) should only be $272 million, instead of the $1.3 billion a jury awarded last year.

To contact the reporter on this story: Tanya Harding at staff.writers@wallstcheatsheet.com

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