Northern, WI 2/13/2013 (BasicsMedia)  —  As we exit Fat Tuesday to Ash Wednesday arriving at Valentines Day must we not forget that worldwide mobile phone sales slipped 1.7% to 1.75B units in 2012, the first decline since 2009, as demand for feature phones fell. “Tough economic conditions, shifting consumer preferences, and intense market competition weakened the worldwide mobile phone market,” Gartner says. However, Q4 smartphone sales jumped 38.3% to 207.7M, with Samsung (SSNLF.PK) and Apple (NASDAQ:AAPL) increasing their market share to 52% from 46.4% in Q3. Samsung was also the top overall vendor of handsets.

Android extended its smartphone dominance in Q4, Gartner estimates, as its market share rose to 69.7% from 51.3% in 2011 while that of Apple’s (AAPL) iOS declined to 20.9% from 23.6%. However, the news may not be so good for Google (NASDAQ:GOOG): “The Android brand is being overshadowed by Samsung’s brand, with the Galaxy name nearly a synonym for Android phones in consumers’ mind share,” says Gartner.

ING’s (NYSE:ING) Q4 net profit climbed 20% to €1.43B but missed forecasts, with the results affected by €643M in special items, mainly related to restructuring, and a €175M Dutch bank tax. ING plans to axe 2,400 jobs as part of a program to reduce annual costs by €1B by 2015. The job losses add to cuts of 2,350 announced in November, and more could be on the way – CFO Patrick Flynn said the bank needs7,500 fewer staff. Shares were -1.5% premarket.

Cisco’s (NASDAQ:CSCO) FQ2 earnings are due out after the bell, with analysts expecting that EPS edged up to $0.48 from $0.47 and revenue 4.7% to $12.06B. Raymond James and Citi issued bullish notes on the company last week, with both expecting Cisco to possibly issue favorable FQ3 guidance. RJ said its checks suggest “a stabilizing environment,” and it’s pleased with the company’s growing focus on software.

Legg Mason (NYSE:LM) will reportedly appoint interim CEO Joseph Sullivan to the job permanently, with an announcement expected today. Sullivan has been the acting chief since Mark Fetting quit in October. Legg Mason is also expected to name Jennison Associates Chairman Dennis Kass to the board as it seeks to bring in institutional asset management expertise and stop investor outflows.

Although Paul Otellini has said his replacement as Intel’s (NASDAQ:INTC) CEO will probably be an internal hire, the company has tapped recruiting firm Spencer Stuart to help find its next top boss, sources tell Bloomberg. Then again, other sources claim that COO Brian Krzanich, CFO Stacy Smith, and software chief Renee James – named EVPs the day Intel announced Otellini would retire in May – are in the running.

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