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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Aug. 25, 2011, 11:51 AM
    Verizon (VZ) is stepping up its efforts to become a leading player in cloud services: Big Red is acquiring CloudSwitch, a developer of software that makes it easier for companies to move applications to cloud platforms such as Amazon Web Services (AMZN), Microsoft's (MSFT) Azure, and Verizon's own Terremark offerings.
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  • Aug. 25, 2011, 9:58 AM
    Amping up its competitive front with Groupon, Amazon.com (AMZN) has opened its local deals site for New York City after a launch in Boise, Idaho and a few dozen other cities.
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  • Aug. 25, 2011, 8:42 AM
    The deadline for preliminary offers in Hulu's auction has reportedly been extended until the end of the week from yesterday in order to give bidders more times to scrutinize the TV website's financial details. Yahoo (YHOO), Google (GOOG) DirecTV (DTV) and Amazon (AMZN) are among those interested.
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  • Aug. 24, 2011, 1:49 PM
    Amazon (AMZN -1.1%) launches daily deals on Kindle ebooks, adding to the firm's presence in the online coupon space as an investor in LivingSocial.
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  • Aug. 23, 2011, 2:51 PM
    Turns out there's a big demand for TouchPads - at $99, now the inventory reduction price of Hewlett-Packard's (HPQ) discontinued tablet. But few brands will want to pick up the fight to undercut the iPad (AAPL) - except possibly Amazon (AMZN), which can sell the hardware at a lower price because it's pushing its books, movies and apps - "No other potential [tablet rival] has that kind of leverage."
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  • Aug. 23, 2011, 1:17 PM
    The risk trade is on today (equities are surging, gold is down, and long-term Treasurys are slightly lower). And that means high-growth, high-beta Internet and cloud computing stocks are among the day's big winners. AMZN +6.2%. RAX +6%. EQIX +6.6%. BIDU +5.9%. CRM +5.1%. APKT +6.3%. SFLY +8%.
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  • Aug. 22, 2011, 2:56 PM
    Efforts by large-scale cloud providers like Amazon (AMZN -0.4%), Google (GOOG +1.4%) and Lockheed Martin (LMT +0.9%) to land gigantic federal contracts face persistent doubts from government reps sensitive to security. Some agencies are testing small low-risk projects, while cloud advocates mark security concerns as "overblown."
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  • Aug. 22, 2011, 8:19 AM
    The WSJ reports initial bids for Hulu, which recently put itself on sale, are due by Wednesday, with GOOG, YHOO, AMZN, and DTV among the likely bidders. One source puts likely offers in the range of $500M-$2B, but "a person close to Hulu" says its board is hoping the site will sell for "a few billion dollars."
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  • Aug. 18, 2011, 11:50 AM
    Amazon (AMZN -4.5%) says deals with CBS and NBC (CMCSA -3.3%) pushed up the tally on its digitial video library to 100K, from 90K. The service varies (or competes?) from AMZN's Netflix-like (NFLX -3.1%) streaming movie service that only boasts 9K titles. The firm's video strategy should clarify when its new tablet launches this fall.
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  • Aug. 17, 2011, 4:19 PM
    Amazon (AMZN) registered an impressive 282M visitors in June, according to comScore's latest ranking of retail and auction sites by traffic. The number of visitors translates into a reach of 20.4% of the world's internet audience, placing AMZN ahead of eBay (EBAY) 16.2%, Alibaba (ALBCF.PK) 11.3% and Apple (AAPL) 9.7%.
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  • Aug. 15, 2011, 11:05 AM
    Quick take on Amazon's tablet: Given cross-selling opportunities, Amazon will probably be aggressive in its tablet pricing. However, Amazon has been somewhat conservative in taking losses on Kindle sales; and a closed environment like the Kindle makes it relatively easier to sell content. A price in the $350-$400 range is likely more realistic than $249.
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  • Aug. 15, 2011, 11:04 AM
    Could Amazon (AMZN) put a dent into the iPad's tablet dominance? Analyst Tim Bajarin thinks the company could profitably sell its Android tablet for as little as $249, well below the $499 price tag for the cheapest iPad. Bajarin sees hardware losses at a $249 price offset by sales of videos, songs, books, cloud storage, and other content.
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  • Aug. 11, 2011, 10:52 AM
    Amazon's (AMZN +2.4%) new Kindle Cloud Reader, which lets Kindle users read their e-books on web browsers and increases the number of places they can access digital content, allows it to sell digital books without sharing revenue with Apple (AAPL +2.2%), which typically requires a 30% cut of content delivered through apps distributed via its online store.
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  • Aug. 10, 2011, 5:20 PM
    As NFLX, AMZN, GOOG, and AAPL try to grow their online video businesses, the risk-averse mindset of Hollywood studios remains a stumbling block. Disney (DIS) CEO Bob Iger says his company is comfortable licensing older content to Netflix, but plans to "make access to newer programming more difficult" for those not subscribed to pay-TV services.
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  • Aug. 8, 2011, 1:58 PM
    comScore estimates U.S. retail e-commerce sales rose 14% Y/Y in Q2 to $37.5B. By contrast, Amazon.com's (AMZN) North American sales grew 51% Y/Y in Q2 to $5.4B. These numbers demonstrate both the extent of Amazon's market share gains, and how much share is left for the company to take in a market that isn't done growing.
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  • Aug. 4, 2011, 1:41 PM
    Electronics store chain hhgregg (HGG) loses 12.6% after reporting FQ1 revenue of $431.5M (-1% Y/Y) and EPS of -$0.02, below a consensus of $478.1M and $0.01. Same-store sales fell 13.2%. William Blair had previously singled out hhgregg as being particularly at risk of losing market share to Amazon (AMZN). Rival BBY is down 5.3%.
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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