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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Sep. 28, 2011, 3:20 PM
    Benchmark's Fred Moran considers the Kindle Fire a "direct threat" to Netflix (NFLX +0.6%), given how it comes with 30-day trial for Amazon's (AMZN +3.9%) Prime Video service. Larry Dignan, meanwhile, thinks the device's low price tag spells doom for RIMM's PlayBook and every other rival tablet not called the iPad (AAPL).
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  • Sep. 28, 2011, 2:55 PM
    Still more from Amazon (AMZN): CEO Jeff Bezos definitively says it will collect sales taxes from California customers by 2013. Amazon will not challenge the law in court or close its California facilities to avoid sales-tax collection, Bezos says.
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  • Sep. 28, 2011, 1:58 PM
    Though the market is happy with Amazon's (AMZN +3.6%) new Kindles (I, II, III), Citi's Mark Mahaney is worried Amazon's aggressive pricing will slightly dent its 2012 EPS. However, he thinks a positive EPS impact is "more likely" for 2013. Piper doesn't expect iPad (AAPL) sales to be hurt much by the Kindle Fire, given its smaller display and lack of a 3G model.
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  • Sep. 28, 2011, 1:51 PM
    Some analysts say Apple (AAPL +0.2%) and Amazon (AMZN +4%) are now the only true competitors in the tablet computing space, but the two stocks trade at wildly different valuations. Tadas Viskanta's point isn’t that one is overvalued and the other is undervalued, it's that the market is putting very different valuations on two companies that are coming into closer contact and competition.
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  • Sep. 28, 2011, 12:52 PM
    Kindle announcement aftermath: Amazon (AMZN) keeps trekking higher, now up 4.8%. Apple (AAPL) shows no ill effects, flatlining for most of the day and now poking out a 0.2% gain. Uncontrolled bleeding at Barnes & Noble (BKS), shares down 11.2% and still sinking. With the crucial holiday season coming up, can BKS recover with a new launch or inspired pricing cut?
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  • Sep. 28, 2011, 11:47 AM
    One final product from Amazon's (AMZN) event: a web browser called Amazon Silk, which the company claims will dramatically boost the Kindle Fire's browsing performance relative to rival tablets by using Amazon's EC2 infrastructure to offload processing. But iPad (AAPL) users could be unimpressed if this means browsing on the Fire's 7-inch display. (more)
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  • Sep. 28, 2011, 10:38 AM
    More news from Amazon's (AMZN +2.5%) big event: The company is adding a touchscreen model to its traditional Kindle line, called the Kindle Touch. A Wi-Fi-only version of the Kindle Touch will sell for $99, while a 3G version will cost $149, and offer lifetime wireless data in 100 countries. (Kindle Fire) ($79 Kindle)
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  • Sep. 28, 2011, 10:16 AM
    Shares of Barnes & Noble (BKS) take a punch to the gut, losing 8.3% after Amazon's (AMZN +1.1%) Kindle Fire launches. The rumor mill churns out chatter that the company will launch a new e-reader next quarter at a price point of $349...a 75% premium to the new Kindle.
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  • Sep. 28, 2011, 10:15 AM
    In addition to the Kindle Fire, Amazon (AMZN +3.1%) will be rolling out a version of its traditional Kindle e-reader for a mere $79, according to Bloomberg BusinessWeek. Currently, the cheapest Kindle sells for $114 (ad-supported), and the cheapest Barnes & Noble (BKS -7.3%) Nook sells for $139.
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  • Sep. 28, 2011, 10:05 AM
    Amazon.com (AMZN +3.3%) unveils its much-anticipated tablet. Called the Kindle Fire (as previously reported), the device will feature a 7-inch display and cost only $199, $50 less than the Nook Color (BKS -6.3%) and $300 less than the cheapest iPad (AAPL +0.5%). The tablet will run on Android (GOOG), but nonetheless act like a "souped-up Kindle."
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  • Sep. 28, 2011, 7:37 AM
    Maybe bad news for the economy, but clearly bad news for Best Buy (BBY), the company will hire just 15K seasonal workers for the holidays vs. 29K last year. CEO Brian Dunn says the company is not expecting "a meaningful move in the economic environment."
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  • Sep. 27, 2011, 10:36 AM
    Gdgt's Ryan Block follows up on yesterday's TechCrunch scoop on Amazon's (AMZN -1.7%) new tablet by adding Amazon's Kindle design team played no role in making the device, and that he's told the product is a "stopgap" rushed to market with the holiday season in mind. Amazon shares are noticeably underperforming the Nasdaq today.
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  • Sep. 27, 2011, 8:17 AM
    Piper Jaffray weighs in on Best Buy (BBY) - maintaining a Neutral rating and $25 PT - after surveying the potential impact Amazon's (AMZN) upcoming tablet (Kindle Fire) could have on sales. "At this price, we believe this product could create yet another sales headwind for BBY over the coming year as a result of AMZN's self-distribution model." Shares +1.1% premarket.
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  • Sep. 26, 2011, 4:41 PM
    MG Siegler, who earlier provided the first hard details about Amazon's (AMZN) tablet, claims the device will be called the Kindle Fire, look similar to Research In Motion's (RIMM) PlayBook, and feature a dual-core TI (TXN) OMAP CPU. Siegler's latest claims make it further look as if the tablet will be aimed at the Nook Color (BKS) more than the iPad (AAPL).
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  • Sep. 26, 2011, 3:51 PM
    Peter Kafka's sources claim Amazon (AMZN) has inked deals with magazine publishers Hearst, Conde Nast, and Meredith to sell digital copies of their titles on its forthcoming tablet, but Time Warner (TWX) remains a holdout. Print publishers have long sought a credible alternative to the iPad, having squabbled with Apple (AAPL) over multiple subjects.
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  • Sep. 26, 2011, 10:00 AM
    Shares of AboveNet (ABVT +5.5%) get a lift from Raymond James with an upgrade to Strong Buy from Outperform. The company looks to benefit from the cloud market indirectly with a new agreement with Amazon (AMZN +2.1%) allowing customers to circumvent the internet and connect directly to Amazon's data centers via its fiber optic network.
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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.