Welcome to WebProNews Breaking eBusiness and Search News
Advertise | Newsletter | Sitemap | News Feeds News Feed 
 WebProNews Search Part of the iEntry network iEntry inc. 

Bear Stearns Tapping Blogs For Stock Analysis?

David A. Utter
Staff Writer
Published: 2006-01-27

WebProNews RSS Feed


Aside from maintaining its "outperform" rating on Google, the investment firm thinks a Google Music Store is in the works; a good question for now would be "Did you get this idea from a blog too?"

The business website Forbes reported how Bear Stearns is speculating on the potential of a Google Music Store being developed. Analyst Robert Peck made this observation to clients (emphasis added):

"We believe that Google (nasdaq: GOOG - news - people ) is in the midst of creating its own iTunes competitor, which we've dubbed 'Google Tunes'," the analyst wrote in a client note issued today. "We think this is a logical step, now that the nascent Google Video product has been introduced."

"We would expect Google to rollout a Beta service within 3 to 6 months. We note that Google has not confirmed our expectations, and that our thinking is based on Mosaic theory," said Peck. "However, we do think this fits with Google's recent moves and its ultimate goal of organizing the world's information."

It is an interesting suggestion that Google would enter a market dominated by iTunes; crowded with competition from Microsoft, Yahoo, Napster, and Real; overshadowed by the major music labels persistent requests for more money from online music distributors; and haunted by the twin specters of DRM and the RIAA's enforcement arm.

Let's go back to 'Mosaic theory' for a moment. A definition of Mosaic theory can be found here; it's simply a guess made based on available data, and it covers the analyst's backside if that guess proves to be true. Thus cynical outsiders who think an analyst has inside information are wrong; it's just Mosaic theory.

(If this were a Dave Barry column, he'd probably insert the time-honored phrase, "I am not making this up," here.)

Peck's note was published by Forbes on January 26th. Speculation about a Google Music Store appeared on Garret Rogers' blog on January 25th. Based on his sleuthing of http headers, Rogers hypothesized Google may have something tucked away that could eventually host a music player download.

Did Bear Stearns patch Rogers' work into its Mosaic theory? There may be precedent here. The L.A. Times ran a speculative story in January before the Consumer Electronics Show in Las Vegas. Among the entertaining guesswork it contained was this passage:

Bear Stearns analysts speculated in a research report last month that consumers would soon see something called "Google Cubes" - a small hardware box that could allow users to move songs, videos and other digital files between their computers and TV sets.

There was one source for all that Google Cube guesswork before December 2005: a post from irrepressible tech pundit Robert X. Cringely on November 24, 2005:

But the most important reason for Google to distribute its data centers in this way is to work most efficiently with a hardware device the company is thinking of providing to customers....This little box is Google's interface to every computer, TV, and stereo system in your home, as well as linking to home automation and climate control. The cubes are networked together wirelessly in a mesh network, so only one need be attached to your broadband modem or router.

Is your well-compensated stock advisory firm delving the murky rivers of the blogosphere for tasty tidbits to place in its advisory jambalaya? We're guessing that could happen, and we may be wrong. That's ok though, we're just using Mosaic theory here ourselves.

---


Drag this to your Bookmarks.

Add to | DiggThis | Yahoo My Web



Receive Our Daily Email of Breaking eBusiness News


About the Author:
David Utter is a staff writer for WebProNews covering technology and business.

WebProNews RSS Feed

More Top News Articles

Contact WebProNews
Advertisement





TOP NEWS

Targeted Information for Business
WebProNews is part of the iEntry network

Internet Business: Marketing: Small Business:
WebProNews MarketingNewz SmallBusinessNewz
WebProWorld AdvertisingDay PromoteNews
EcommNewz SalesNewz EntrepreneurNewz

Software: Search Engines: Web Design:
WebMasterFree Jayde B2B DesignNewz
NetworkingFiles SearchZA FlashNewz
SecurityConfig SearchNewz WebSiteNotes

Developer: IT Management: Security:
DevWebPro ITManagement SecurityProNews
DevNewz SysAdminNews SecurityConfig
TheDevWeb NetworkingFiles NetworkNewz

The iEntry Network consists of over 100 web publications reaching millions of Internet Professionals. Contact us to advertise.
eBUSINESS RESOURCES






 Advertise | Contact Us | Corporate | Newsletter | Sitemap | Submit an Article | News Feeds
 WebProNews is an iEntry, Inc. ® publication - $line) { echo $line ; } ?> All Rights Reserved
About WebProNews
WebProNews is the number one source for eBusiness News. Over 5 million eBusiness professionals read WebProNews and other iEntry business and tech publications.

WebProNews provides real-time coverage of internet business.

Free Email Newsletters:
WebProNews SearchNewz
WebProWorld DevWebPro
Marketing SecurityNews
Plus over 100 other newsletters!

Send me relevant info on products and services.


WebProWorld
Ten most recent posts.

NetworkingFiles
Featured Software

WebProNews in the News
View all recent mentions of WebProNews from around the world!

Recent Articles On ...
Google eBusiness
Yahoo Ask Jeeves
MSN Blogs
Search Engines Blogging
Affiliate Programs Marketing
eCommerce Advertising
eBay Sun Microsystems
AOL Adsense
Microsoft Adwords
Oracle IBM
Amazon Apple
SEM Mac
SEO iPod
Adsense XBox
PR Adobe



iEntry.com WebProWorld RSS Feed WebProWorld Contact WebProNews Print Version Email a friend Bookmark us