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Amazon.com, Inc. (AMZN)

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  • Mar. 21, 2012, 4:15 PM
    Pinterest's phenomenal growth isn't letting up: comScore estimates the site had 17.8M U.S. unique visitors in February, up 52% M/M. However, this growth, which has led one firm to estimate Pinterest is already worth $500M, is also leading to some serious IP headaches, as photo copyright owners begin sending takedown requests to both Pinterest and infrastructure provider Amazon Web Services (AMZN).
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  • Mar. 21, 2012, 10:55 AM
    Nomura continues to express concern (previously) over Amazon's (AMZN -0.2%) low margins, and notes the company's inventory turnover has "fallen to new historical troughs." Moreover, the firm expects Amazon's growing dependence on Electronics & General Merchandise (EGM) sales, which it expects to account for 83% of revenue in 2016 (up from 62% in 2011), to lead to continuing margin pressure. Can Kiva's robots help prove skeptics wrong?
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  • Mar. 20, 2012, 5:46 PM
    Though it opened lower, Amazon (AMZN +3.7%) finished the day with a solid gain, as analysts rushed to praise its acquisition of Kiva (I, II). Goldman and JPMorgan note the potential of Kiva's technology to put a lid on Amazon's soaring headcount and fulfillment expenses, and UBS, which believes Kiva generated $100M in 2011 revenue, thinks the deal should be accretive going forward.
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  • Mar. 20, 2012, 2:52 PM
    Google (GOOG) and Amazon (AMZN) would be well served by following Apple's payout example, or at least the buyback part, according to Barclays. GOOG has favorable cash flow aspects that investors might better appreciate if it were to pay out some of it, the firm says, and AMZN could cool some of the investor concern over its high spending.
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  • Mar. 19, 2012, 5:15 PM
    More on Amazon/Kiva: Kiva has been growing at an 80% clip thanks to an innovative robot/software solution that automates "the process of picking, packing and shipping" products. Founder Mick Mountz boasts Kiva's solution, which has an average price of $5M, can handle 2x-4x as many orders/hour as a traditional approach. One unanswered question is the extent to which Amazon will support Kiva customers such as Staples, Gap, Saks, and Walgreen. AMZN now +0.1% AH. (PR)
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  • Mar. 19, 2012, 4:54 PM
    Amazon (AMZN) -1.1% AH after agreeing to buy privately-held Kiva Systems, which makes robotic technology for warehouse shelf and pallet systems, for $775M in cash.
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  • Mar. 19, 2012, 12:50 PM
    While Pacific Crest argues Kindle sales are slowing, Citi's Mark Mahaney says Amazon (AMZN -0.3%) is enjoying “robust” trends with Kindle, citing his firm's survey of U.S. shoppers which showed a jump from 12% owning one last July to 23% this past January. Respondents bought 2.4 books/month via Kindle, and satisfaction measured as “extremely” or “very satisfied” hit 78%.
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  • Mar. 19, 2012, 12:06 PM
    Are tablets finally doing a number on the e-reader market? Pac Crest's Chad Bartlev has dramatically slashed his 2012 forecast for Kindle (AMZN) e-reader sales to 12.3M from 24M, after his checks indicate Q1 component orders "have fallen more than 75% from initial expectations." Bartlev's Kindle Fire forecast is unchanged at 14.9M, though he notes component orders have fallen 11% since February. (previously)
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  • Mar. 19, 2012, 11:19 AM
    Apple (AAPL) and Amazon (AMZN) are similar in that each takes a long time to develop unique products, says Netflix exec Adrian Cockcroft. With Apple, the goal is creating highly polished products, whereas with Amazon, the goal is providing massive scale. Netflix remains a heavy user of Amazon's highly scalable web services, though it wishes they would support solid-state drives (SSDs). Several SSD vendors are targeting the cloud market.
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  • Mar. 15, 2012, 5:38 PM
    Count daily deals as one more market where Amazon (AMZN) hopes losing money will help it make money: the company plans to sell $10 gift cards for its AmazonLocal deals service for $5 tomorrow. Amazon has already invested heavily in #2 daily deals provider LivingSocial, which is posting huge losses.
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  • Mar. 14, 2012, 6:55 AM
    Amazon (AMZN) strikes a deal to bring content from Discovery (DISCA) to its streaming service, according to a report in the NY Post. The agreement will link Amazon Prime's instant video service with Discovery’s 13 cable channels including TLC, Animal Planet and the flagship Discovery channel.
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  • Mar. 13, 2012, 5:59 PM
    More from IDC: In spite of new competition from cheap tablets, the firm believes e-reader shipments hit 10.7M in Q4 (+65% Y/Y), spurred by price cuts and growing shipments outside of North America. The figure suggests the e-book market is well-positioned to follow up its heady 2011 growth with a strong 2012.
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  • Mar. 13, 2012, 5:58 PM
    IDC is hiking its 2012 tablet shipment forecast to 106.1M units from a prior 87.7M - a level that translates into 54% Y/Y growth. Gartner, it should be noted, is estimating 368M PCs will be shipped this year, which suggests the ratio of  PC shipments to tablet shipments may be only a little over 3:1 in 2012. IDC also estimates Amazon (AMZN) sold 4.7M Kindle Fires in Q4, good for 16.8% of the tablet market.
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  • Mar. 12, 2012, 8:44 AM
    Amazon (AMZN) may be the short of the year, writes firstadopter, as the bull case - a decent operating margin on continued years of rapid growth - falls apart. Further is the "secular shift" from physical to digital media, a sector Amazon will have to dominate, but where Apple (AAPL) is already the gorilla.
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  • Mar. 9, 2012, 7:20 PM
    The nascent OpenStack cloud infrastructure platform can claim one big customer in Sony, which says it's at least partly abandoning industry giant Amazon Web Services (AMZN) in favor of an OpenStack solution hosted by Rackspace (RAX). Sony's decision comes after its PlayStation Network witnessed a major hack last spring that was linked to AWS.
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  • Mar. 9, 2012, 12:47 PM
    Texas Instruments' (TXN -1.2%) reduced outlook may indicate weak Kindle Fire sales, given the reaction in Amazon (AMZN -1.9%) shares; the Kindle Fire runs on a TI OMAP 4430 processor. TI says weak demand from a few OMAP customers led it to adjust its numbers; most analysts pin the blame on Kindle, a few see Nokia (NOK) and RIMM, but most seem inclined to hang in for a turnaround.
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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