Seeking Alpha, Inc. (AMZN)

  • Jun. 10, 2013, 11:13 AM
    Amazon (AMZN +1.5%) is launching a $299/year same-day shipping tier for Amazon Prime, says Bloomberg's Brad Stone. The news follows a strings of remarks from Amazon in which it downplayed its same-day ambitions. eBay (EBAY +2.8%), by contrast, has been quite vocal about wanting to create a national same-day infrastructure; Google is also targeting this space. Also: As expected, Amazon is expanding its grocery delivery business to L.A.. AmazonFresh, available in Seattle since '07, will (for now) be available for free on a trial basis to Prime subs in several L.A. zip codes; its offerings include local gourmet items.
    | Jun. 10, 2013, 11:13 AM | 17 Comments
  • Jun. 7, 2013, 6:49 PM
    "Netflix (NFLX) has exploded the old broadcast television format," says Tero Kuittinen, discussing the implications of Arrested Development's use of a unique/complex episode structure. "Entire 10-episode cycles can be created in a way that makes them far more elaborate and tightly plotted than anything network television can handle." There could also be implications here for Amazon. Though reviews weren't great, one study pegged AD's opening weekend viewing at 3x that of  the acclaimed House of Cards. Also: NPD estimates Netflix had an 89% share of Q1 U.S. subscription TV show streaming activity; Hulu had 10%, and Amazon Prime (AMZN) just 2%.
    | Jun. 7, 2013, 6:49 PM | 10 Comments
  • Jun. 7, 2013, 12:10 PM
    IBM has successfully protested a $600M, 10-year deal granted by the CIA to Amazon Web Services (AMZN +3.6%) to develop a private cloud infrastructure: the GAO says the CIA didn't properly evaluate prices and waived a contract requirement. This means IBM, now set to acquire AWS rival SoftLayer, will have another chance to win the deal. Meanwhile, Forrester's James Staten argues IBM/SoftLayer will face integration challenges, due to their use of rival cloud platforms (IBM uses OpenStack, SoftLayer uses Citrix's (CTXS) CloudStack) and other issues. "SoftLayer ... has two separate portals and a mix of API sets ... IBM has long been accused of being well integrated only so long as you ask IBM Global Services to do the integration work."
    | Jun. 7, 2013, 12:10 PM | Comment!
  • Jun. 7, 2013, 9:07 AM
    Amazon (AMZN) confirms the Kindle Fire HD and Kindle Paperwhite are on sale in China. Though the news at its face value sounds tantalizing, the company has a small brand recognition in China and faces formidable competition.
    | Jun. 7, 2013, 9:07 AM | Comment!
  • Jun. 6, 2013, 8:58 AM
    Though food is generally a low-margin business, AmazonFresh might have some profit potential: 1) Amazon's (AMZN) push into grocery delivery could help it sell more general merchandise as consumers bundle orders, according to Wells Fargo analyst Matt Nemer. 2) The company charges customers in the Seatttle area about $8 to $10 for most deliveries to help it cover costs, although orders over $100 can be free. 3) An anecdotal report from a pie maker in Seattle suggests Amazon slices off $2 for every $9 pie sold through AmazonFresh. 4) A buzz-worthy rewards program could also help the company boost overall sales and ratchet up margins.
    | Jun. 6, 2013, 8:58 AM | 7 Comments
  • Jun. 6, 2013, 7:08 AM
    The DOJ vs. Apple case: Amazon (AMZN) exec Russell Grandinetti testifed the company was delivered an ultimatum by publishers that they would withhold books if it didn't abandon its pricing structure. After some tense negotiations, Amazon relinquished control of its pricing and went to the model the DOJ maintains Apple helped force upon the e-book industry.
    | Jun. 6, 2013, 7:08 AM | Comment!
  • Jun. 5, 2013, 2:05 PM
    Retail Geeks thinks it's a worthwhile venture to track which brands are attracting the most new Facebook fans, more as a backdrop to help provide context and comparative peer data than to assume a linear relationship to sales trends. In the hunt for Facebook relevance - Amazon (AMZN), Nautica (VFC), and Fanta (KO) are three hot brands - while OfficeMax (OMX), Hanes (HBI), and Krispy Kreme Doughnuts (KKD) are barely moving the Facebook meter.
    | Jun. 5, 2013, 2:05 PM | 1 Comment
  • Jun. 5, 2013, 6:54 AM
    Amazon (AMZN) launches an e-commerce marketplace in India to allow third parties to list their products to sell. Initially, the site will sell books and DVDs before settling into offering a full array of products including electronics, gadgets, and cameras.
    | Jun. 5, 2013, 6:54 AM | Comment!
  • Jun. 4, 2013, 5:19 PM
    Amazon (AMZN) paid $200M+ for its Viacom (VIA) streaming deal, Reuters reports. The news service adds the deal will run for more than two years and features "a deeper library of content" than what Viacom provided Netflix (NFLX). The deal is said to be Amazon's largest ever, though it should be noted the Epix deal's price tag could grow thanks to milestone payments. Regardless, Reuters' figure backs up Reed Hastings' April remarks about Amazon and Hulu "bidding more aggressively" for content. Netflix's Q1 EPS beat had much to do with margin improvements stemming from slowing content cost growth (liabilities up only $100M Q/Q to $5.7B).
    | Jun. 4, 2013, 5:19 PM | 6 Comments
  • Jun. 4, 2013, 2:38 PM
    Amazon (AMZN -1%) roundup: 1) Amazon is set to expand its AmazonFresh grocery delivery business, in trial mode in Seattle for 5 years, to Los Angeles "as early as this week" and San Francisco later this year, Reuters reports. An industry consultant claims Amazon, long expected to expand its grocery ops to areas where sales tax is no longer a concern, is targeting up to 40 markets. Grocery chains (SWY, KR, SVU, WFM, TFM) can't be thrilled, particularly given Amazon's pricing history. 2) eMarketer estimates Amazon generated $610M in ad sales last year, and will produce $835M this year. A targeted ad network could fuel additional growth for the business, increasingly seen as a threat to Google (GOOG).
    | Jun. 4, 2013, 2:38 PM | 3 Comments
  • Jun. 4, 2013, 11:12 AM
    IBM paid ~$2B to acquire SoftLayer, Bloomberg and the NYT report. GigaOm notes the startup "could help bring order" to the "extremely messy legacy code" behind IBM's Smart Cloud offerings. An IBM exec claims SoftLayer provides needed expertise for supporting private and hybrid clouds, as IBM offers value-added software/services on top of basic infrastructure offerings. Will IBM/SoftLayer pose a challenge to Amazon Web Services (AMZN)? Like AWS, SoftLayer claims many Web/cloud firms as clients, and its support for hybrid server environments is a selling point. But it remains to be seen if IBM will match AWS' aggressive pricing. The purchase comes as IBM protests a $600M deal Amazon scored with the CIA.
    | Jun. 4, 2013, 11:12 AM | 5 Comments
  • Jun. 4, 2013, 9:30 AM
    Amazon (AMZN) scores a multi-year deal with Viacom (VIA) for many of the TV shows Netflix (NFLX -1.2%) lost last month, and boasts some of the content will be exclusive. "Hundreds of TV shows and thousands of TV episodes" from Viacom, including popular kids' shows such as Dora the Explorer, Blues Clues, and Spongebob Squarepants, are being added to Prime Instant Video, with British/German Lovefilm subs getting access to some of them this summer. Some of the content will also be added to the kids-specific Kindle FreeTime Unlimited service. (Amazon/Epix deal) (Downton Abbey exclusive) (original shows)
    | Jun. 4, 2013, 9:30 AM | 13 Comments
  • Jun. 3, 2013, 10:53 AM
    900 of Amazon's (AMZN -1.6%) German logistics center workers are carrying out a day-long strike for third time in the last three weeks. The strike, which affects about 1/10 of Amazon's German workforce, revolves around demands for higher regular and night shift pay, and demands for a collective bargaining agreement giving the same employment conditions provided by other mail order/retail firms. (previous)
    | Jun. 3, 2013, 10:53 AM | Comment!
  • May 31, 2013, 12:34 PM
    Amazon (AMZN +1.4%) outperforms after Cleveland Research starts coverage with a Buy. Shares are set to record a 7% gain for May, but have still largely gone sideways since late January, following a giant 2012 run-up.
    | May 31, 2013, 12:34 PM | 1 Comment
  • May 29, 2013, 10:12 AM
    Amazon (AMZN) roundup: 1) Looking to counter Netflix's original programming push, Amazon says it will produce 5 of the 14 original shows it agreed to pilots for. The shows include political comedy Alpha House (features John Goodman), startup comedy Betas, and kids robot show Annebots. The first season of Alpha House (13 episodes counting the pilot) will air in November. 2) Amazon is creating a sign-in service for 3rd-party sites/apps/games. The goal is to both keep users logged in to Amazon, and to gain valuable activity data that can be used to push/personalize products and content. But Facebook and Google have major head-starts here.
    | May 29, 2013, 10:12 AM | Comment!
  • May 29, 2013, 9:13 AM
    Amazon (AMZN) will launch sales of Kindle e-readers and tablets in China on June 7, according to Sina Tech. Though the market in China is gigantic, Amazon comes to the party late amid serious competition from domestic players. AMZN -0.5% premarket.
    | May 29, 2013, 9:13 AM | Comment!
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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 offerselectronic devices like Kindle e-readers and Fire tablets.
Sector: Technology
Country: United States