Market Round-up (RIMM, MSFT, Q, CTL, DIS, WIN, CBS)

According to a report by Kara Swisher of All Things Digital, Microsoft (NASDAQ: MSFT) may unveil Windows Mobile 7 next week at the Mobile World Congress in Spain in an effort to generate excitement around its failed mobile strategy. However, Kara Swisher believes that MSFT will be better off if it buys one of the big telecoms, such as Research in Motion (NASDAQ: RIMM).

According to Jeffrey Sachs, the panic over European debt is exaggerated. He said that he believes that Spain, Greece and Portugal are solvent and creditworthy. He expects this panic to go away in a few weeks.

According to the Denver Post, Qwest Communications (NYSE: Q) can be considered as a likely takeover target. The upgrading of the stock by several analysts has resulted in heightened speculation, in which CenturyLink (NYSE: CTL) and Windstream (NYSE: WIN) are being considered as possible suitors.

Sources have indicated that a consortium led by Disney (NYSE: DIS) is in advanced talks to buy a 30%-40% stake in China's largest in-bus advertising company. "Disney is going to do many things in China... [the deal is] more about the promotion of Disney, the brand" than sharing in the growth of China's ad business.

During yesterday's Saints-Colts Super Bowl event, CBS (NYSE: CBS) got its highest ratings ever. About 46.4% of households were watching the event on CBS and 68% of the homes with TVs were using them. The ratings were the highest overall since the 1987 Giants-Broncos Super Bowl.

Read more from Benzinga's Markets.