View this article at: http://www.macnn.com/articles/05/08/15/itunes.google.deal.rumor/
Monday, August 15,2005 @ 8:20am
Monday, August 15,2005 @ 8:20am
iTunes-Google deal rumor pushes AAPL to all-time high
A rumored iTunes-Google deal may have helped push Apple's stock to an all-time high last Friday. According to TheStreet.com, shares of Apple "set an all-time high on Friday following a disappointing report from Dell and amid rumors about a major new partnership. According to market chatter, Apple is set to announce a deal with Google 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." The report quotes an options strategist at Theflyonthewall.com as saying that that "there's 'speculation of an iTunes launch. Google is going to offer iTunes somehow on their platform."