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  • Nov. 10, 2011, 2:02 PM

    Some e-reader facts from a giant infographic made by RetailMeNot: the % of U.S. adults with an e-reader doubled to 28M between Nov. '10 and May '11; e-book sales accounted for 8.3% of book sales in 2010; Amazon (AMZN) sells 143 e-books for every 100 hardcovers; and 53% of e-reader owners say they read more now than 6 months ago, compared with 18% of non-owners. (IDC data)

    | Nov. 10, 2011, 2:02 PM
  • Nov. 10, 2011, 10:43 AM

    Apple (AAPL -2.3%) continues moving lower (previously) on account of a downbeat note from Cleveland Research. The firm is cutting its iPad shipment estimates, citing competition from Amazon's (AMZN) Kindle Fire. Amazon just lifted its 2011 orders for the Fire, which doesn't get put to the test by customers until next week.

    | Nov. 10, 2011, 10:43 AM | 13 Comments
  • Nov. 10, 2011, 7:36 AM

    As reports of strong consumer interest in the Kindle Fire pile up, Amazon (AMZN) is boosting its 2011 orders for the $199 tablet to 5M units, from a prior 4M. Amazon had already nudged up its Kindle Fire orders by 500K in the middle of Q3. (earlier)

    | Nov. 10, 2011, 7:36 AM | 2 Comments
  • Nov. 10, 2011, 7:16 AM

    A new report from market research group IHS iSuppli pins down the cost for Amazon (AMZN) to manufacture its new $79 Kindle e-reader at $84.25. Analysis from the firm found the total cost of materials for the company was $78.59, while the cost for putting them all together came in at $5.66. Amazon expects to make up for Kindle production losses with embedded advertising and by stoking sales from the devices.

    | Nov. 10, 2011, 7:16 AM
  • Nov. 9, 2011, 5:28 PM

    UBS refreshes its list of 15 most shorted stocks based on the highest concentration of its clients. Blue chips Johnson & Johnson (JNJ) and Citigroup (C) are newcomers to the list. Others: AET, LEN, PANL, NFLX, GMCR, ESRX, CMG, CRM, KMX, LLTC, AMZN, VZ.

    | Nov. 9, 2011, 5:28 PM | 1 Comment
  • Nov. 9, 2011, 2:31 PM

    ComScore's report on retail E-Commerce sales (previous) showing strong gains in the Jewelry & Watches category doesn't quite dovetail with Blue Nile's (NILE -30.5%) disastrous Q3 report. The fly in the ointment could be the higher wholesale diamond prices that online jewelry sellers such as NILE, OSTK, ZLC, AMZN, and TIF have a tough time passing on to strapped bargain-hunting consumers as easily as brick-and-mortar retailers like ZLC and SIG.

    | Nov. 9, 2011, 2:31 PM
  • Nov. 9, 2011, 1:55 PM

    Amazon (AMZN) has acquired Yap, a privately-owned developer of voice recognition software for mobile devices. Expect Yap's technology to turn up on a Kindle Fire at some point, as Amazon attempts to provide an alternative to Apple's (AAPL) Siri and Google's (GOOG) Android Voice Search app.

    | Nov. 9, 2011, 1:55 PM
  • Nov. 9, 2011, 1:18 PM

    Amazon (AMZN) breaks with eBay (EBAY) and throws its "strong support" behind a new federal effort to require online retailers to collect sales taxes. eBay: "This is another Internet sales tax bill that fails to protect small business retailers ... and will unbalance the playing field between giant retailers and small business competitors."

    | Nov. 9, 2011, 1:18 PM | 3 Comments
  • Nov. 9, 2011, 11:58 AM
    ComScore estimates U.S. retail e-commerce spending rose 13% Y/Y in Q3, to $36.3B. That's down slightly from Q2's 14% clip, but up from the 9% growth found in Q3 2010. It's estimated 74% of all U.S. Internet users made a purchase during the quarter. For reference, Amazon's (AMZN) North American sales rose 44% Y/Y in Q3, while eBay's (EBAY) Marketplaces revenue grew 14%.
    | Nov. 9, 2011, 11:58 AM
  • Nov. 9, 2011, 11:44 AM

    A ChangeWave/RBC survey has some encouraging data for Amazon (AMZN): 5% of respondents said they would "very likely" buy the Kindle Fire, and another 12% said they're "somewhat likely" to do so. This compares with 4% and 9% for the iPad (AAPL), respectively. In addition, 26% of Kindle Fire buyers said they'll postpone an iPad purchase as a result. (previously)

    | Nov. 9, 2011, 11:44 AM
  • Nov. 9, 2011, 10:33 AM
    A trio of Senators plan to push a federal law enabling all 50 states to collect sales tax on internet purchases. The bill looks to leapfrog the state-by-state battle waged by online sellers such as AMZN, OSTK, and EBAY to deliver a national plan. Sponsors Senators Richard Durbin, Lamar Alexander, and Michael Enzi say the bill will exempt sellers with annual sales of $500K or less from collecting state sale tax.
    | Nov. 9, 2011, 10:33 AM | 10 Comments
  • Nov. 9, 2011, 7:36 AM
    Web monitor AlertBot reports that Target's (TGT) website accounts for over half of the major outages this year of the 100 largest firms in the U.S. ranked by revenue. The ongoing website issues with Target date back to the launch of on Aug. 23 after it untethered itself from Amazon's (AMZN) servers. Analysts say the ongoing tech issue has escalated to the point that Target could lose customers. Janney's David Strasser looks ahead to Black Friday and cuts to the chase: "They’ve got to fix this."
    | Nov. 9, 2011, 7:36 AM | 1 Comment
  • Nov. 8, 2011, 9:59 AM

    Barnes & Noble’s (BKS +4.4%) unveiling of its Nook Tablet computer must be “instrumental in driving holiday traffic” to the retailer, Barclays' Alan Rifkin writes - critical, he says, because BKS lost $0.99/share in its July FQ1, probably lost $0.08/share last quarter, and will lose another $0.78/share in FQ4, which leaves just the January quarter to make “over 200%” of its profit.

    | Nov. 8, 2011, 9:59 AM | 1 Comment
  • Nov. 8, 2011, 4:27 AM
    H-P (HPQ) is looking to sell the webOS mobile platform it obtained when it bought Palm last year for $1.2B, Reuters reports, although H-P is unlikely to make back its money as the software hasn't received significant investment in over a year. Those who may be interested include Amazon (AMZN) and Research In Motion (RIMM).
    | Nov. 8, 2011, 4:27 AM | 1 Comment
  • Nov. 7, 2011, 5:05 PM
    "Our goal is not to build a platform; it’s to be across all of them," says Mark Zuckerberg, in a lengthy interview with Charlie Rose. Zuckberberg adds that he considers platform-builders Amazon (AMZN) and Apple (AAPL) to be allies (though Facebook has had differences with the latter), and that Facebook doesn't plan to compete with game developers such as Zynga.
    | Nov. 7, 2011, 5:05 PM | 1 Comment
  • Nov. 7, 2011, 11:27 AM

    Henry Blodget doesn't exactly pile on with the Groupon (GRPN -5.4%)-bashers as much as he simplifies the debate. Though the comparisons to Amazon (AMZN -0.5%) are valid, he argues, the oft-quoted problem for the company isn't that Andrew Mason won't match up the Jeff Bezos at the helm. Instead, the issue works out to simple math: Amazon went public at a $500M valuation, vastly lower the lofty $20B  price tag on Groupon that could limit spectacular upside potential.

    | Nov. 7, 2011, 11:27 AM | 1 Comment
Company Description Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offers electronic devices like Kindle e-readers and Fire tablets.
Sector: Technology
Country: United States