Itunes could not connect to my ipod/could not allocate a resource.

Question

I have latest versions of Itunes and IPOD. I've restored I Ipod but continue to get the above error msg..

Answer 1

Hello, bill1721. 
Thank you for visiting Apple Support Communities. 
Try the steps in section six of the article below. 
6. Reset the Lockdown folder
Resetting the Lockdown folder can resolve issues with starting the backup session or saving the backup. If you can back up in a new user, don't reset the Lockdown folder. Issues with the Lockdown folder occur across all users; they aren't user-specific. Follow these steps to reset the Lockdown folder:
Mac OS X
Disconnect all iOS devices from your computer and quit iTunes.
From the Finder, choose Go > Go to folder.
Type the following and then press Return: /var/db/lockdown.
Choose View > as Icons.
The Finder window should display one or more files with long alphanumeric file names.
In the Finder, choose Edit > Select all.
Choose File > Move to Trash. Enter an administrator password if prompted.
Note: Don't delete the Lockdown folder itself. Delete only the files contained inside the Lockdown folder.
Reconnect your iOS device and open iTunes.
iOS: Troubleshooting backup issues in iTunes
http://support.apple.com/kb/ts2529
If the issue persists after the steps are processed, try reinstalling iTunes.
Regards,
Jason H.