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Absolutely Fantastic News for Pandora

Even if the company reports solid earnings on December 4 -- and I think it will -- I would hesitate to buy the optimism. The second Apple actually does a competitor product -- and my sources are telling me it's only a matter of time -- the stock will get hammered. It doesn't matter that Apple's service will not have an impact on Pandora. Perception will drive the stock down . . . again.

And, of course, there's constant uncertainty vis-a-vis the royalty situation and the Internet Radio Fairness Act that's making its way through Congress. As I explained in the terrible news for Pandora article, even if Tim Westergren's argument is correct -- and I think it is -- Pandora cannot win a public relations battle with a diverse cross-section of the world's biggest recording artists and their powerful music labels.

--Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
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