On CNBC’s “Closing Bell” Pete Najarian reports on speculation that Google is developing a phone. Also, Lehman Brothers says we might see a G-phone early next year and Google itself acquired a Finnish company that makes mobile-phone software. Hmmmm...
Today Pete says he still like the Google trade and finds the concept of a G-phone very exciting.
He also likes that Google is spending so much on research and development (an 88% increase year over year for the quarter) because they want to be cutting edge.
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Trader disclosure: On Oct 11, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (GOOG)