Google to Include iTunes? 232
Baher Al Hakim writes "The Street suggests in a recent article that Apple is about to announce a deal with Google to offer Apple's iTunes Music service through Google's site.
The rumored deal would pair the nation's leading online music store with its leading search engine." Update: 08/13 22:00 GMT by T : Truncation untruncated.
LINK TO SUBMITTER's BLOG alert (Score:5, Informative)
For some reason, it *really* annoys me when people link to their own blog instead of the link to the story. At the very least it ought to be obvious that it's a personal link rather than doing it on the sly.
Simon
Behold the power of news.google: (Score:4, Informative)
Shares of Apple Computer (AAPL:Nasdaq - commentary - research) set an all-time high on Friday following a disappointing report from Dell (DELL:Nasdaq - commentary - research) and amid rumors about a major new partnership.
According to market chatter, Apple is set to announce a deal with Google (GOOG:Nasdaq - commentary - research) calling for Google to offer Apple's iTunes music store through its own site. The rumored deal would pair the nation's leading online music store with its leading search engine.
There's "speculation of an iTunes launch," says Paul Foster, an options strategist at Theflyonthewall.com. "Google is going to offer iTunes somehow on their platform," according to the rumor, he says.
Apple spokesman Steve Dowling said the company doesn't comment on "rumors and speculation." A Google representative did not immediately respond to requests for comment.
Meanwhile, Apple's shares might well have benefited from Dell's pain. The computer giant missed Wall Street's revenue targets for its just-completed quarter by $300 million and cautioned analysts that they needed to bring down their revenue targets for its current quarter.
Dell's stumble is in contrast to Apple, which has seen its computer sales and share in the PC market surge in recent quarters.
"Some investors seem be rotating out of Dell into Apple," says Foster. "Investors kind of have the attitude that Dell's weakness is Apple's strength."
Shares of Apple closed regular trading up $2.10, or 4.8%, on Friday to $46.10. The company's shares traded up as much as $2.22, or 5%, intraday. Volume totaled nearly 33 million shares, well above its three-month norm of 18.6 million shares.
Complete blurb (Score:5, Informative)
Wall Street suggests in a recent Article that Apple is about to announce a deal with Google, to offer Apple's iTunes Music service through its site.
That's MAJOR news indeed.
If it turns out to be right, it would be a great deal for both sides, as Apple will gain a wider audience for its music service iTunes through the enormous base of Google visitors, and Google too will at last have a music service to offer, like Yahoo did a while ago.
No need for Google to start its own Music Service, they'll have the best Music Service by their side, what could be better than that.
This is very exciting cooperation between two of the biggest and most influential companies in the Tech World, and it has never crossed my mind, until now.
Let's wait and see.
Re:to a...? (Score:3, Informative)
From the page's source:
to aa href="http://www.thestreet.com/_yahoo/tech/hardwa
Re:share price.. (Score:2, Informative)
If there is a high P/E ratio, it is AFAIK likely to be down to investors believing that the company will in the future improve on its earnings. The improvement in earning might take some years to foster, but when they do that P/E ratio will come down. I find it hard to believe that Apples' share price is high "because they're fashonable". Most shares are held by pension companies (or at least they are in the UK), and not individual investors. These pension companies employ people to research companies and determine whether to invest their clients money.
However, this would not explain the dot-com boom. I really don't know much about the stock market and its workings but want to know more. It seems to be a strange closed off world.
Re:LINK TO SUBMITTER's BLOG alert (Score:5, Informative)
1) The submitter of the story included a link to an article on TheStreet.com.
2) The story was truncated by a malformed HTML.
3) The only link visible on the truncated story was the attribution link for the submitter.
4) The submitter's link on his ID, like many of us, points to a homepage or blog.
5) The grandparent of this post chastised the submitter (mistakenly, IMO) for astroturfing or whatever, based on the attribution link, without seeing the submitted story, which contained a link to thestreet.com.
6) The submitters blog, displays the most recent post to the blog, which happened to be the same post he was trying to make to Slashdot.
7) Please pay attention next time.
Re:What's the point? (Score:3, Informative)
I am one such user who has never tried iTunes. I've never had a need to do so, and I don't like the idea of my music being locked via DRM to a single computer (trust me, I move my MP3s around my network a lot).
And obviously you suffer from some misconceptions. You are not "locked in" to any DRM with iTunes. If you want to rip CDs as MP3s, you can. Even the music you buy off of ITMS is easy to convert to MP3: burn it, then rip it as MP3. And I move files between my home and work computer all the time, no special software required, and I use iTunes on both.
Anyway, unless you're one of those people who pride themselves in being ignorant of things that are popular, you may consider giving it a shot. At the very least be careful when offering an opinion about things you don't have any experience with.