Is Wall Street yawning at CES this week?

Does Wall Street care about all the glamour and glitz currently being touted at the Consumer Electronics Show in Las Vegas this week? Well, after a day of large announcements, both the NYSE and the 'DAQ held firm on either small losses or tiny gains form some of the largest names in the consumer electronics and computer industries -- Microsoft Corporation(NASDAQ:MSFT), Apple Computers, Inc.(NASDAQ:AAPL), Motorola(NYSE:MOT)and Qualcomm(NASDAQ:QCOM).

In other words, the street is waiting to see if all these 'grand visions' turn into revenue reality. Most of them will not -- for all the earth-shaking announcements and product unveilings at each year's CES, very few fruitful consumer consumables come out of the mix. Mostly, these ghosts are the grand visions that the keynoters talk about, like Microsoft's Bill Gates touting yet another "converged" living room universe and Motorola's Ed Zander saying that "everything will be going mobile" in regards to consumer electronics. I'm not sure I want that 50" plasma TV going anywhere, thank you very much.

So, is it any wonder that the CES even this week has failed to wake up Wall Street in a way that stock option-hungry executives would like it to? The results are in the pudding -- consumer sales and revenue gains along with growth -- and so far, the pudding bowl is quite empty.