Year: 2004

iPod chip maker lacks long-term contract with Apple

BusinessWeek’s Alex Salkever notes that PortalPlayer, the company that designs the chips and software for the iPod, lacks a contract with Apple, has no profits, and may face competition. “PortalPlayer filed to go public in August. Based on the iPod’s sales momentum, the outfit should be one of the most anticipated tech IPOs of 2004. Should investors dive into this one? Not so fast, analysts say.

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