Cramer Quick Take: Microsoft Will Kill Pandora
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NEW YORK (TheStreet) -- Is Microsoft's (MSFT) new music initiative enough to unseat Pandora (P)? Jim Cramer told Debra Borchardt at TheStreet.com Monday that he thinks it is.
Cramer said many pundits are viewing Microsoft's new music service as desperate, but in fact the company's 65 million Xbox community members are a strong and relevant group.
He said the service isn't likely to affect Apple (AAPL), a stock he owns for his charitable trust, Action Alerts PLUS, but it could indeed take a bite out of Pandora.
So should investors run out and buy shares of Microsoft? Cramer said he's worried about the company's upcoming quarterly results, but would be a buyer if shares get hit on that weakness. Watch the full Cramer interview here. --Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDCSelect the service that is right for you!
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