I hate to perpetuate the media hype, but it is what is driving the markets right now. In early morning trading we have already seen oil prices surg past $143 a barrel for the first time ever, and the price for a gallon of gas hit an all-time high in the United States.

There was little know about Dov Moran ’s start up Modu at CES 2008 last month. At the time, speculations eluded to a mobile technology that allows users to transform electronics into mobile phones, or vise versa, give mobile phone flexible capabilities of other consumer electronic devices. They were’nt that far off.

As featured by Seeking Alpha:
Over 20,000 new gadgets and technologies will be unveiled at CES in Las Vegas starting tomorrow, and over 2,700 companies will present over the course of the following four days.

Israel’s Magic Software Enterprises, developer of business software development and integration tools, said it is selling its wholly owned subsidiary Advanced Answers on Demand (AOD) to private equity firm Fortissimo Capital for $17 million in cash.