Najarian: The G-Phone Trade

graphic_fast_money.jpg

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.

Symbol
Price
 
Change
%Change
GOOGL
---


______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

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)