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Amazon.com, Inc. (AMZN)

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  • Dec. 15, 2011, 11:25 AM
    New owners of Kindles (AMZN) and Nooks (BKS) may be in for a surprise: Prices of some popular e-books have soared, in some cases above their printed equivalents. The digital price hikes result from a decision by the six biggest publishers to set their own consumer e-book prices; no such agreement exists for printed books, where retailers are free to set their own prices.
    | 5 Comments
  • Dec. 15, 2011, 8:06 AM
    Amazon (AMZN) is the GE of the Internet age, claims Venkatesh Rao in a lengthy piece, and Jeff Bezos its Jack Welch. Unlike other tech giants, Amazon primarily owes its success not to technical or design brilliance, but to strategic vision (I, II) that often throws conventional business thinking out the window. However, Rao cautions a lack of PR sensitivity could prove Amazon's Achilles heel.
    | 1 Comment
  • Dec. 14, 2011, 8:49 AM
    Amazon (AMZN) is reportedly in talks with Sony (SNE), Warner Bros (TWX) and other movie studios to rejoin UltraViolet, their service that lets consumers store films online and play them on any device. A deal would enable Amazon to increase content for the Kindle Fire and help the studios speed adoption of UltraViolet.
    | 3 Comments
  • Dec. 13, 2011, 5:42 PM
    Amazon (AMZN) shares slumped nearly 5% today after the weak retail sales report, but Mercenary Trader says prolonged weakness in the stock can be traced back to the decision to pursue revenue growth at the expense of profit, with each Kindle Fire being sold at a substantial loss. The many choices for consumers - at least 55 tablets - make AMZN's strategy a risky one. and investors know it.
    | 5 Comments
  • Dec. 13, 2011, 9:39 AM
    Wall Street’s 2012 earnings estimates for Amazon (AMZN -0.8%) are far too high, Goldman Sachs analyst Heather Bellini says, due to "more normalized operating expense seasonality" vs. current forecasts. While Goldman's 2012 sales forecast of $65.6B is above consensus given its bullish view on Kindle Fire sales, its $1.42 EPS estimate is below the Street’s $2.01.
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  • Dec. 12, 2011, 3:18 PM
    Consumers critical of Amazon's (AMZN -2.1%) Kindle Fire - complaining, for example, that there is no external volume control and the off switch is easy to hit by accident - compel NYT's David Streitfeld to compare the tablet to the Edsel. Hyperbole, perhaps - was the Edsel no. 2 in sales of U.S. autos at its launch? - but Amazon says it will release a software update within two weeks.
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  • Dec. 12, 2011, 10:43 AM
    Netflix (NFLX +7.3%) is soaring on market chatter of Amazon (AMZN) and/or Verizon (VZ) making a play for the company. "I doubt it," tweets one of Seeking Alpha's Netflix watchers, Rocco Pendola.
    | 7 Comments
  • Dec. 9, 2011, 2:35 PM
    It's not just brick-and-mortar retailers who are unhappy about Amazon (AMZN) luring away shoppers with its new Price Check app. Sen. Olympia Snowe asks AMZN to drop its promotion because it gives consumers an incentive to gather price data from small retailers and leave stores without spending money - "an attack on Main Street businesses that employ workers in our communities."
    | 4 Comments
  • Dec. 9, 2011, 11:14 AM
    BTIG analyst Rich Greenfield says 2012 will see a shift away from traditional cable TV when a "virtual" cable offering emerges on the scene to deliver "real" TV from the web. He envisions a major company lining up a wide score of distribution deals to enable them to offer consumers nearly the same variety of channels for live TV that they have now through cable providers. Potential players: WMT, AMZN, MSFT, DISH, VZ.
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  • Dec. 7, 2011, 5:08 PM
    More on LivingSocial's latest funding round: While the company has only sold $176M in securities thus far, it's lined up the full $400M in funding it's looking to obtain, according to a Bloomberg source. The round is said to value LivingSocial at $6B; following today's rally (perhaps aided by news of the LivingSocial round), Groupon (GRPN +9.9%) has a market cap of $13.5B.
    | 2 Comments
  • Dec. 7, 2011, 4:39 PM
    Top Groupon (GRPN) rival LivingSocial raised $176M in a private offering that featured investments from Amazon (AMZN) and ex-AOL CEO Steve Case. Amazon's move comes 8 months after it took part in a $400M funding round, and a year after it made a $175M investment; and it comes in spite of the recent rollout of the e-commerce giant's AmazonLocal daily deals product. (October filing)
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  • Dec. 7, 2011, 10:27 AM
    Amazon (AMZN -0.2%) expects its agreement to acquire ~450 children's book titles from privately-held Marshall Cavendish creates the foundation for its fast-growing publishing business to further expand into picture books, chapter books and young adult novels. Publishing VP Jeff Belle says AMZN sees the potential for similar deals in the future.
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  • Dec. 7, 2011, 9:11 AM
    More from Canaccord: Names started at Hold include Amazon (AMZN - its "dominance" will continue, but low margins will outlast investor patience), eBay (EBAY - more opportunities to service merchants, but recent Marketplaces growth may not be sustainable); and Pandora (P - Internet radio growth offset by IPO lockup expiration, competition, and high valuation).
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  • Dec. 6, 2011, 4:32 PM
    "The competitor we fear most is HBO Go," claims Netflix's (NFLX -2.8%) Reed Hastings. While dismissing competition from Amazon (AMZN), Hulu, and Verizon (VZ), Hastings is impressed with HBO's online video platform, and sees it becoming the core of its offerings. Separately, Time Warner (TWX) CEO Jeff Bewkes says HBO Go users view 30%-50% more content than non-users. (earlier)
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  • Dec. 6, 2011, 3:06 PM
    Amazon’s (AMZN) Kindle Fire tablet, which went on sale last month, "has come out of the gates strong," and Evercore says its relatively cheap price tag could allow it to "vaporize" other for-profit Android tablet business models. Yet even as Amazon may account for half of all Android tablets by next year, Evercore says Amazon isn’t a real threat to the iPad (AAPL).
    | 3 Comments
  • Dec. 6, 2011, 1:23 PM
    Starting on Saturday, Amazon (AMZN) is launching a promotion in which consumers will receive up to a $5 discount on Amazon merchandise if they compare prices at a store using its Price Check app, available for iOS and Android. As Tricia Duryee observes, the promotion is not only useful for boosting sales, but for letting Amazon's customers provide it with mountains of price data about competing retailers.
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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