Nov 12 (Reuters) - Shares of Green Mountain Coffee Roasters Inc fell 5 percent on Friday, after the Wall Street Journal said Starbucks Corp would come out with its own single-cup coffee maker, a move that could challenge Green Mountain's near-monopoly in the market. "Simply put, this is negative for Green Mountain Coffee Roasters in that it increases competition in single-cup coffee, where the company's Keurig brand has an approximate 80 percent share of the category," Stifel Nicolaus analyst Mark Astrachan said in a client note. Green Mountain declined to comment and Starbucks did not respond to requests for comment. Shares of Green Mountain were down 4 percent at $31.46 on Friday morning on Nasdaq. Starbucks shares were down 2 percent at $30.16. (Reporting by Mihir Dalal in Bangalore; Editing by Anne Pallivathuckal) Keywords: GREENMOUNTAIN/SHARES (firstname.lastname@example.org; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: email@example.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.