Best Buy (BBY) Gets Deal with Google (GOOG) to Sell Chromebook, Chromebox in U.S.
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Price: $26.03 -0.99%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: -19.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: -19.1%
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Best Buy Co. (NYSE: BBY) shares are looking firm amid a bloody market on Thursday, amid reports Google (Nasdaq: GOOG) is planning to bring a new round of laptops to its stores.
At the Google I/O conference today, Google announced Chromebooks would hit about 100 U.S. Best Buy stores in the coming months. Items will take up shelf space right next to Apple (Nasdaq: AAPL) products (presumably, MacBooks).
Exclusivity will be shared with Dixon's in the U.K. for now and with several other retailers later in the year.
Prices for the new Chromebooks (which look more black than chrome, but that's neither here nor there) will run from $349 to $549 while the very Apple Mini-like Chromebox will run $329.
Shares of Best Buy are up about 4 percent Thursday afternoon.
In other news, Best Buy founder Richard Schulze's bid to take over the company is getting increased interest. For more, click here.
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At the Google I/O conference today, Google announced Chromebooks would hit about 100 U.S. Best Buy stores in the coming months. Items will take up shelf space right next to Apple (Nasdaq: AAPL) products (presumably, MacBooks).
Exclusivity will be shared with Dixon's in the U.K. for now and with several other retailers later in the year.
Prices for the new Chromebooks (which look more black than chrome, but that's neither here nor there) will run from $349 to $549 while the very Apple Mini-like Chromebox will run $329.
Shares of Best Buy are up about 4 percent Thursday afternoon.
In other news, Best Buy founder Richard Schulze's bid to take over the company is getting increased interest. For more, click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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