A Fool Looks Back
Jun 30th 2012 7:00AM
Updated Jun 30th 2012 7:04AM
It seems as if every tech giant has had its week to show off this month. It was Google's (NAS: GOOG) turn this time with Wednesday's Google I/O conference.
The two highlights of the powwow were Google's bold forays into tablets and home streaming. Google's Nexus 7 tablet matches the Kindle Fire's $199 price point, but its specs may be raising eyebrows for fans of the pricier iPad.
Then we get to Google's Nexus Q. Despite looking like a toy, the stylish sphere bills itself as the first social sharing media device. It's a cloud-based jukebox relying on Google Play, so friends on Android smartphones and tablets can come together to create music or video playlists.
The $299 price point may take some getting used to, but Google isn't afraid to take a gamble every now and then.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Yahoo! (NAS: YHOO) has the users. Spotify has the momentum. The dot-com giant and the popular music-streaming service have inked a licensing deal that will give Yahoo!'s audience access to Spotify's deep digital catalog of music.
- Forbes China tapped Baidu's (NAS: BIDU) Robin Li as its top CEO for 2012. Can you imagine a pure dot-com having its CEO named as this country's top helmsman? Baidu has come a long way.
- The diet treatment sweepstakes has its first winner. The FDA approved Arena Pharmaceuticals' (NAS: ARNA) Lorcaserin as the first diet drug gaining regulatory approval in 13 years. I've eaten a lot of doughnuts in that time.
- In an interview with Bloomberg, SodaStream (NAS: SODA) CEO Daniel Birnbaum revealed that he plans to test distribution through supermarkets and drugstores next year before a more dedicated push in 2014.
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The article A Fool Looks Back originally appeared on Fool.com.The Motley Fool owns shares of Baidu, Google, and SodaStream International. Motley Fool newsletter services have recommended buying shares of SodaStream International, Google, and Baidu. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.Longtime Fool contributor Rick Munarriz calls them as he sees them. He owns no shares in any of the stocks in this story and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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