“Shares of Apple Computer (AAPL) set an all-time high on Friday following a disappointing report from Dell (DELL) and amid rumors about a major new partnership,” Troy Wolverton reports for TheStreet.com. “According to market chatter, Apple is set to announce a deal with Google (GOOG) 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.”
Wolverton reports, “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… ‘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.'”
Full article here.
“Apple (AAPL) rose $2.10, or 4.8%, to close at $46.10 on volume of more than 32 million shares exchanged. By contrast, Dell Inc. (DELL) fell $3.08, or almost 8%, to $36.50 after giving a tepid sales outlook on Thursday,” Rex Crum reports for MarketWatch. “Art Hogan, chief market strategist at Jefferies & Co., said Apple has recently seen strong unit sales and pricing, while Dell’s said prices were weak in its most-recent quarter sales even though unit sales were strong. Gene Munster, an analyst with Piper Jaffray, wrote in a research note that while the iPod music player continues to put the spotlight on Apple, he anticipates the iPod will drive more sales of Apple’s personal-computer line.”
Full article here.
How’s that crow taste, Troy? Our advice for Mikey Dell: Shut it down and give the money back to the shareholders.
Related MacDailyNews articles:
Market strategist: Dell’s poor quarterly showing shouldn’t hurt Apple Computer – August 12, 2005
The Street’s Wolverton’s laugher: ‘Apple delivers mixed bag’ – July 13, 2005
Apple smashes street with record revenue, earnings; shipped 6.155 million iPods – July 13, 2005
The Street: the time may be ripe for Apple to get back to the Mac – July 13, 2005
TheStreet.com dubiously concludes that iPod demand has slowed, could impact Apple earnings – July 06, 2005
Interesting…
In all seriousness, I’d change my name if I were called MUNSTER.
wow. just wow. Just another insane rumor?
Apple +5%
Nasdaq -0.8%
Dell -7.4%
Apple: Google + iTMS, 52 week high
Dell: Revenue and forecast disappoint
Nothing more needs to be said.
Just a little perspective here:
“Dell’s net income was $935 million, or 38 cents a share, vs. $799 million a year ago. “
These guys are still printing money.
Like I always say–you have to trust in Jobs and stop nay saying
about the Intel deal.
Well, iTunes Music Store listings do already show up for the new Yahoo Audio Search so, why not?
Way cool, if true.
Google iTunes? Eh, I’m behind Apple 100% but that sounds like it’d be a web-based download service instead of the client-server app we know and love. It just sounds messier. Wouldn’t you need iTunes to organize your downloads anyway? Then why bother with the web-based store?
>In all seriousness, I’d change my name if I were called GENE MUNSTER.>
Yes, I would change it to Fred Munster. What about that other guy? Rex Crum.
omg I love it that I own AAPL and got it real cheap.
Here is a link to the Dell Company Picnic Intro movie! Enjoy
http://www.bpninc.com/evideo/video_mac_hi.mov
Pairing iTMS w/Google is BIG STUFF. It makes Apple just that much more of a powerhouse to those PC sheep. You know, the people that think anything Apple sucks because they’ve been told that from their techy friend who is a closet asshole.
I’m talking about the people who don’t use iTunes even though it’s clearly the best MP3 Player on the market. Plenty of people who don’t, just because it’s Apple.
MW Big
i said it before and i’ll say it again: oh that apple computer. it’ll be going out of business soon. i give it maybe a year at most.
Winston: Google results would probably be “phobos” links that would launch iTunes.
GOOG was up $5.72 (2.01%) to close at $289.77 today.
I’ve recently rediscovered Sherlock for finding local movies and I also like it better for eBay searches than eBay itself!! But it doesn’t use Google to search in it’s Internet Channel!!! That baffles me!
bamboozled:
“i said it before and i’ll say it again: oh that apple computer. it’ll be going out of business soon. i give it maybe a year at most.”
Welcome back sputnik
So, if Google is cooking a deal with Apple .. how does that account for the fact that Google News has recently been suppressing Apple related press headlines on some Google News portals? (My own private assertion. Can’t prove it but trust me, it’s true) I mean they’ve been laying low waiting for just the right moment to pop the big suprise? Or what? hmmmm …
and .. the Mac web is all somewhat subdued about this story too. Weird. Also, try to find that particular Street.com article that we are talking about on Google News right now. It keeps dissappearing at my house. Cryptic or sumpin’, eh?
Google doesn’t play those kinds of games with the search engine because putting in the code/logic to do that would be too costly in CPU cycles.
k. Then where are all the stories about this 52 week high for Apple stock? You seeing them on the default Google News presentations? I’m not. All I see on my own default Google News portals is weirdo headlines about Microsoft being the real iPod inventor. lol. The only way I can find the good news on Apple stock is to search it specifically and even then there are a scant few mentions. That’s very peculiar, in my book.
I would like to see Spotlight combined with Google for the ultimate in search technology. For OS X Apple would have to do something like that to stay one step ahead of Microsoft’s new search engines.
>In all seriousness, I’d change my name if I were called GENE MUNSTER.>
>Yes, I would change it to Fred Munster. What about that other guy? Rex Crum.
Ron, obvriously, hre already hrad a lrittle nrame chrange.
So mac_cory, United States is that…
I’m so happy in Europe but I hope there many Americans far from that! Macusers?