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iPhone launched today ... by Linksys!?

Oh, how we waited. Oh, what a disappointment. The long awaited iPhone was finally launched today but it was nothing like what we've expected.

Apple Computer Inc.'s (NASDAQ:AAPL) long rumored mobile phone, or the iPhone as it has been dubbed, was not launched today.

Instead, Linksys, a division of Cisco Systems Inc. (NASDAQ:CSCO), launched its VoIP phone, the iPhone. Reading the press release announcing the Linksys iPhone is odd as the constant mention of the Linksys iPhone sounds somewhat out of place.

So it seems that Cisco already owns the iPhone trademark. Bloggers around the Internet are wondering if that would hurt the launch of Apple's mobile phone.

However, if you remember before Google Inc. (NASDAQ:GOOG) came out with its online payment service, Google Checkout, almost everybody called it GBuy. It didn't seem as if the name change hurt Google Checkout much. Granted, the iPhone was much more hyped, but a name change at the last minute could even add to the hype.

New Google Checkout service has already recruited ChannelAdvisor

Google Checkout, just unveiled today (this morning) after much rampant speculation about the name and features of what was previously rumored as "Google GBuy", has already recruited ChannelAdvisor as a fully-supported partner -- support that was already in place apparently, as the ChannelAdvisor support partnership was announced simultaneously with the public announcement of the availability of Google Checkout.

ChannelAdvisor is the leading supplier of channel management solutions and partners with such e-commerce leading companies like eBay, Amazon.com, Overstock.com and Shopping.com to ensure the millions of retailers selling products and services over the web can visibility into where most consumers turn for online purchases.

The fact that ChannelAdvisor was immediately available to use Google Checkout upon its release is a very large testament to the faith in Google's new online transaction product. Is Google Checkout a "PayPal killer" as has been widely reported? At this time, I just don't see that. PayPal has such a huge lead and integrates bank accounts (Google Checkout only processes credit cards) and it will take Google Checkout a while to come close. But, as always, it's great to have competition in the online transaction industry -- PayPal has too much of a stranglehold as is.

Ebay bounces off 52-week low to trade into the green

ebay is in the greenAfter falling 4.9% in yesterday's trading session to test a new 52 week low at 28.20, eBay Inc. shares have rebounded this morning up 0.8% to lift the stock back up to 28.47 gaining 0.22.

The stock underwent strong selling pressure yesterday as investors reacted to news that Google could begin testing of its online payment system, GBuy, as early as today. How this will ultimately play out for eBay remains to be seen, but for a stock that has already been struggling recently the new competition could put the stock to the ultimate test.

eBay's PayPal is ready to rumble with Google's GBuy

Nah, he's not scared of Google. Not at all. Bring it on, says PayPal's chief executive Jeff Jordan in response to questioning about how eBay's payment service will compete with Google's rumored GBuy service.

Well, that's not exactly what he said. He actually said, "We respect their entry and stand ready to compete," according to this Dow Jones news story. He also admitted that eBay had heard that Google planned to launch a competing service to PayPal's.

In a note last Friday, Jordan Rohan of RBC Capital Markets put the date of June 28 on Google's GBuy launch, setting the blogosphere abuzz. (See our take on it, "Google's GBuy program could challenge eBay's Paypal.") Rohan says GBuy will focus on consumer-merchant transactions, not consumer-consumer, as PayPal does (but that could change easily). He also said Google probably wouldn't charge initially for its service.

Competing with a free Google service? No problem, right Jeff? Not at all.

 

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 04:28 PM

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