Will Apple Have Content To Back Up iPad Promise?
According to CNBC’s Jim Goldman, with just weeks before the iPad’s release Apple is racing to secure content for the gadget – confirming a Wall Street Journal report.
Goldman says, “there’s been lots of difficulty for Apple to arrange content partnerships on the device – from TV programs, to digital publishing – a lot of people are wondering if this is the right device they want to hitch their wagon to.”
That’s rather surprising considering Apple has pre-sold a couple hundred thousand iPads ahead of the release.
”The question now is will Apple have the content to back it up.”
That's not to say that apps already available from the iTunes store won't work on iPad - they will. What Goldman is talking about is new and exclusive partnerships for the iPad, such as videos produced exclusively for iPad.
"You'd like to think those kinds of arrangements are already done, but Apple appears to still be working on them," Goldman says
What’s the trade?
As long as Apple stays above $215 I’m bullish, says Guy Adami.
I think the play is long Akamai, says Pete Najarian.
But that's not the only tech stock on the trader's radar. Big events are coming and they could rock shares of Palm, Sprint, Google and Oracle
As we told you on the Halftime Report, some traders are itching to take stab at trading Palm, after the firm issued a miserable earnings report, an even worse outlook and at least two analysts are now calling for the stock to trade to $0.
What’s the trade?
Whitney Tilson of T2 says the odds are 60% that somebody buys the carcass for a song and 30% that they file for bankruptcy. And there’s a 10% chance of a Hail Mary pass and they survive.
I wouldn’t do a thing from the long-side, counsels Joe Terranova.
Sprint CEO Dan Hesse is expected to debut a new 4G phone during a CTIA presentation on Tuesday, according to the Wall Street Journal.
Sprint’s 4G network can upload and download data like Web pages much faster than conventional wireless systems used by Verizon and AT&T.
Google could announce on Monday that it plans to shutter its China website on April 10, according to reports in China's press reprinted in English by ComputerWorld. The newspaper quoted an unidentified sales associate who works for Google as its source.
Oracle is set to announce its 3rd quarter fiscal 2010 earnings after the close on Wednesday March 25th 2010. According to the website Alpha earnings Oracle is gaining traction in sales and earnings.
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Trader disclosure: On March 19, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Grasso Owns (AAPL); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE) ; Finerman's Firm Is Short (SPY), (IYR), (MDY), (IJR); Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC), (BAC) Preferred ; Finerman's Firm And Finerman Own (JPM); Finerman's Firm Owns (QCOM); Finerman's Firm OWns (RIG); Najarian Owns (AA) Calls; Najarian Owns (BAC) Call Spread; Najarian Owns (C) Calls; Najarian Owns (INTC) Calls; Najarian Owns (TEVA); Najarian Owns (UNH) Call Spread; Terranova Owns (QCOM), (TER); Terranova Is Short (CAL), (UAUA), (AMR), (GS)
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