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Can Innovation Save Tech Stocks This Year?

What are the best plays off this week's Consumer Electronics Show?

CNBC Silicon Valley Bureau Chief Jim Goldman joins the panel for this conversation. Following is a synopsis of his main points.

Here are Goldman’s things to look for..

Intel's Mobile Microprocessor. Get ready to hear the phrase "M-I-D" or Mobile Internet Device, a lot this year, he says. Intel wants to position itself as the chipmaker for mobile devices with a new line of processors that are high-efficiency and have low battery usage.

Microsoft's Mobile Software. The highest priority out of Mr. Softy appears to be making sure mobile devices of all stripes and colors are running on Microsoft'smobile software platform, according to Goldman.

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What’s the trade?

I would hold back in tech right now, Pete Najarian says.

I like Microsoft as a company, but I can’t say it’s a buy on this catalyst, adds Jeff Macke.

*Note: You can access a list of stocks to watch from your Blackberry - you just have to go to BB.CNBC.com -- on your BlackBerry-- then download the CNBC icon, and you're one click away from following the CES Stocks to watch from anywhere.

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Trader disclosure: On Jan 8, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (SWY), (INTC); Najarian Owns (BIIB), (MCD), (MSFT); Najarian Owns (AAPL) Options, (CFC) Options, (VLO) Options, (YHOO) Options; Najarian Is Short (WM) Through Options; Finerman's Firm Owns (CROX), (DVA), (GS), (YHOO), (DSW); Finerman's Firm Is Short (IJR), (IYR), (IWM), (SPY), (SPG), (TCO); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Options

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