Nearly everything that we expected out of Apple's (Nasdaq: AAPL) Apple TV came to fruition. Chatter about the low, $99 price point, TV show rentals for just $0.99, and a shift to the proven iOS platform all proved accurate.

The gadget is also considerably smaller than the original, ready to be pocketed from one living room to another.

Apple finally appears to have a winner here, and one has to feel sorry for Logitech (Nasdaq: LOGI) and Google (Nasdaq: GOOG), as the two are teaming up to roll out a Google TV-powered set-top box later this year that is rumored to have a substantially higher price point.

You have some homework to do, couch potatoes. Digital convergence is here.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • Amazon.com (Nasdaq: AMZN) will begin selling its Kindle e-reader in the Staples (Nasdaq: SPLS) chain of office supply superstores. It's a good fit, especially given the Kindle's cheaper price points and the corporate crowd that strolls the aisles at Staples.
  • When Big Pharma pipelines need a little priming, acquisitions are a popular remedy. Pfizer (NYSE: PFE) is acquiring protein misfolding specialist FoldRx.
  • Hewlett-Packard (NYSE: HPQ) won the 3Par sweepstakes. Then again, it may not exactly feel like a victory, when a bidding war forced HP to wind up paying more than 200 times this year's projected profitability for the cloud-based storage company.

Until next week, I remain,
Rick Munarriz

True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community.

Google and Pfizer are Motley Fool Inside Value picks. Google is a Motley Fool Rule Breakers recommendation. Apple, Amazon.com, and Staples are Motley Fool Stock Advisor choices. Motley Fool Options has recommended writing a covered strangle on Logitech, which is a Motley Fool Hidden Gems pick. The Fool owns shares of Google and Logitech. Try any of our Foolish newsletter services free for 30 days.

Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He does not own shares in any of the stocks in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.