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Amazon.com, Inc. (AMZN)

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  • Mar. 29, 2013, 4:25 PM
    Amazon (AMZN) paid $150M-$200M (the exact sum depends on whether performance incentives are met) to acquire Goodreads, Kara Swisher reports. Meanwhile, The Digital Reader points out Goodreads' book recommendation engine could be of value to Amazon, and that the site's book review count now tops 23M.
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  • Mar. 28, 2013, 6:09 PM
    Amazon (AMZN) roundup: 1) New York's highest court has shot down an appeal from Amazon and Overstock (OSTK) challenging a law requiring online retailers to collect sales tax even if they only have local affiliates. A Supreme Court appeal could follow, but a Congressional bill could render it moot. 2) The backlash over Amazon's reseller fee hikes has spread to Europe, as sellers protest major post-Easter hikes for a variety of items. 3) Farhad Manjoo observes Goodreads likely generates plenty of revenue from Amazon affiliate fees. "This is like buying your ad agency."
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  • Mar. 28, 2013, 4:18 PM
    Amazon (AMZN +0.5%) is acquiring Goodreads, owner of a top site/social network for discussing and recommending books. The synergies with the Kindle business are easy to see. Goodreads claims over 16M members and 30K+ books clubs,  and has developed popular iOS/Android apps. Terms are undisclosed. (PR)
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  • Mar. 27, 2013, 12:38 PM
    An Amazon (AMZN +1.7%) smartphone with a 4.7" display is on the way, sources tell Digitimes, which has been fanning the rumor mill for this subject for some time. Whereas the site reported on March 11 the phone's launch had been pushed back from Q2 due to manufacturing issues, it now says a launch may or may not happen in the quarter, depending on Foxconn's progress.
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  • Mar. 27, 2013, 11:25 AM
    "Something meaningful shocked the eCommerce ecosystem in January," writes Stifel's Jordan Rohan in his contrarian note on Google (GOOG -1.2%). Search engine marketing (SEM) firm IgnitionOne saw a 9% Y/Y drop in ad spend in Jan., followed by subdued growth of 9% in Feb. and 11% in March. Rohan, who also reports hearing Jan. mobile banner ad buying was weak (a negative for MM), does admit other SEMs saw mid-teens growth, but points out Google shares have little margin for error. "Google replaced Apple in tech portfolios as the comfort food trade in mobile..." AMZN +1.5%. EBAY -1.7%.
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  • Mar. 27, 2013, 9:09 AM
    Amazon (AMZN) expands its X-Ray feature to movies on the Kindle Fire HD. Under a partnership with IMDb, X-Ray allows users to tap a character appearing on the screen to pull up a database of information on the actor or actress. The big picture: Though it's a relatively benign feature at the moment, if Amazon users become accustomed to interactive in-movie features a whole pot of advertising gold could be opened up down the road.
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  • Mar. 24, 2013, 2:46 PM
    By a 75-24 margin, the Senate has passed a non-binding vote of approval for a bill allowing states to collect sales taxes from online retailers with $1M+  in annual sales and no presence within a given state's borders. The margin of victory suggests a filibuster shouldn't be a problem when a binding vote is made. Amazon (AMZN) and eBay (EBAY) have already begun collecting in a number of large states, and many investors have already assumed collections will expand in time. (previous)
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  • Mar. 22, 2013, 5:18 PM
    Thanks in part to its fulfillment center binge, Amazon's (AMZN +1.6%) shipping ops have become more efficient, argues Deutsche's Ross Sandler. Fewer air shipments, a greater ability to bundle multiple items per order, and last-mile delivery optimization are all helping out. Sandler estimates the use of Amazon Prime for shipping hurts profit contribution per order by 9%, but also notes Prime subs tend to order more. (Kiva Systems)
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  • Mar. 22, 2013, 10:42 AM
    Will the next Kindle e-reader have a color display? Bloomberg reports Samsung (SSNLF.PK) is trying to sell its Liquavista e-reader display unit to Amazon (AMZN) for less than $100M. Liquavista, based out of Holland, relies on a technology called electrowetting to create low-power color displays. Yesterday, Digitimes reported Amazon has drastically cut Kindle e-ink panel orders for March/April - IHS sees the e-reader market declining 27% in 2013 to 10.9M units. The Digital Reader reported of Amazon's interest in Liquavista in January. (Qualcomm/Mirasol)
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  • Mar. 21, 2013, 1:20 PM
    Kindle (AMZN) e-reader panel shipments are expected to fall from 750K in January and 420K in February to a mere 20K/month in March and April, Digitimes reports. Though orders are expected to pick up in 2H (inventory cuts are likely playing a role here), the report drives home the cannibalizing impact soaring tablet demand continues to have on e-reader sales.
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  • Mar. 20, 2013, 1:31 PM
    A $99 7" Kindle Fire HD won't be arriving, says an Amazon (AMZN) spokesperson, refuting a TechCrunch report claiming one is on the way. "It's not happening - we are already at the lowest price points possible for that hardware." The 7" Fire HD currently goes for $199, and the non-HD Fire for $159.
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  • Mar. 20, 2013, 10:29 AM
    More on Amazon: TechCrunch reports a $99 7" Kindle Fire HD is in production, and will ship this year. The device will reportedly have a 1280x800 resolution and use a Texas Instruments (TXN) OMAP chip, even though TI is gradually exiting the mobile processor space. It's not a stretch to assume the margins for such a device, which would allow Amazon to undercut Google's (GOOG) Nexus 7 (but perhaps not for long) and grow its emerging markets reach, will be negative. With such aggressive pricing, will IDC's tablet forecasts need to be raised again?
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  • Mar. 20, 2013, 10:16 AM
    It's now Amazon's (AMZN) turn to be the subject of a music service rumor: sources tell The Verge's Greg Sandoval (who seems to have some good studio contacts) the e-commerce giant has held "very informal" talks about a Spotify-like subscription streaming service. The report comes shortly after Spotify's paid subs crossed 6M, and as rumors fly about Apple and Google's music service ambitions.
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  • Mar. 19, 2013, 4:03 PM
    The CIA has agreed to a 10-year deal with Amazon Web Services (AMZN) that's worth up to $600M, trade publication FCW reports. AWS will reportedly build a private cloud for the CIA to help it "keep up with emerging technologies like big data in a cost-effective manner." While not as big a validation of AWS as having the CIA use Amazon's public cloud (that could be a while), such a deal would still be a major talking point as AWS tries to expand its enterprise/government base. (Macquarie estimates) (more)
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  • Mar. 19, 2013, 1:01 PM
    eBay (EBAY +1.4%) is eliminating listing fees for most items and simplifying its commission fees, as it tries to sustain Marketplaces' resurgence and slow down Amazon's (AMZN -1.2%) rapid 3rd-party sales growth. Lower-margin items such as electronics will sport lower fee rates than higher-margin items such as clothing. eBay claims the moves, its first fee changes since 2010, will provide more transparency for merchants, who have complained of overly complicated pricing. Yesterday, Reuters reported of discontent among Amazon merchants over rising fees.
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  • Mar. 19, 2013, 9:02 AM
    JMP launches coverage on the Internet sector with a bullish bias. Google (GOOG), Priceline (PCLN), AOL, eBay (EBAY), and Zillow (Z) have been started at Outperform, while Amazon (AMZN), Facebook (FB), and Expedia (EXPE) have been started at Market Perform. FB +0.8%. GOOG +0.5%. Z +1.3%. EBAY +1.5% with the help of Cantor's upgrade.
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Company Description
Amazon.com 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