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It seems as if every tech giant has had its week to show off this month. It was Google's (Nasdaq: 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! (Nasdaq: 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 (Nasdaq: 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' (Nasdaq: 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 (Nasdaq: SODA ) CEO Daniel Birnbaum revealed that he plans to test distribution through supermarkets and drugstores next year before a more dedicated push in 2014.
Moving on
Now that you've had a glimpse of the past, let's delve into the future. A new report details the latest Rule-Breaking multibagger that has earned Fool co-founder David Gardner's attention. The report is free, and you're closer to it than you might think. Check it out now.
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