It's an end-of-the-week grab-bag. (A marketing person would refer to it as a "synopsis of important industry events." Somebody else, like my mother, might label this 'cast nothing but garden variety rumor mongering.)

In any event, Allen and Mike share their recommendations on how Google could spend the $4 billion they just raised in their secondary offering.  Allen muses on the rumors about Microsoft and AOL.  Mike muses more about the Future of Music Summit in D.C.