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Pandora (P -14.1%) has resumed trading in an ugly fashion following a report Apple (AAPL -1.5%)...

Pandora (P -14.1%) has resumed trading in an ugly fashion following a report Apple (AAPL -1.5%) plans to launch an Internet radio service in calendar Q1 2013 - shares were crushed in September after the WSJ first reported on Apple's plans  Bloomberg claims Apple, which sees the service as a way to boost iAd, is negotiating revenue-sharing terms with studios. The fact Apple's service is only expected to work with Apple hardware could limit Pandora's losses, as could the time invested by Pandora users in building custom stations. (more)
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