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Amazon.com, Inc. (AMZN)

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  • Jul. 13, 2011, 11:21 AM
    Amazon (AMZN +2%) strikes a sponsorship deal with AT&T (T +0.7%) to sell a less expensive version of its Kindle 3G reader. The AT&T sponsored device, which will include built-in ads on its screensavers, will cost $139 vs. the regular $189 price.
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  • Jul. 13, 2011, 9:12 AM
    JPMorgan says internet companies will experience double-digit growth in coming years, as the monetization of new online video content, virtual goods, applications and cloud-based services bolsters the industry. The firm initiates coverage of five Internet stocks: Netflix (NFLX +2.5%), Amazon (AMZN +1.4%) and Google (GOOG) are started at overweight, with Yahoo (YHOO) and eBay (EBAY) at neutral.
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  • Jul. 12, 2011, 9:14 AM
    Amazon (AMZN) ups the ante in the fight over the collection of online sales taxes by states. The firm filed a petition to initiate the process of getting a measure on the California ballot to reverse a state law requiring online retailers to collect sales taxes. Shares +1% premarket.
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  • Jul. 11, 2011, 4:02 PM
    Amazon (AMZN -2.6%) pressures retailers for market share due to its competitive price advantages, a report by William Blair found. The firm has an average 11% price discount on each item, and even higher for online bulk sales. Retailers rated at above-average risk for share loss: HGG, BBY, BBBY, TGT, DKS, KSS, PETS
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  • Jul. 11, 2011, 2:58 PM
    In a bid to compete with Amazon's (AMZN) Kindle, Google (GOOG -0.8%) launches its own e-reader, the iriver Story HD. Like the Kindle, the Story HD features a QWERTY keyboard, but has a higher resolution display and faster page-turning capability. It's expected to go on sale July 17, retailing for around $140.
    | 1 Comment
  • Jul. 11, 2011, 12:54 PM
    Microsoft is reportedly interested in offering a subscription video streaming service for Xbox Live, making it a direct competitor of Netflix (NFLX), Hulu Plus, and Amazon's (AMZN) Prime Instant Video. Competing against Netflix wouldn't be easy, but Microsoft could make some headway by packaging the service with an Xbox Live subscription.
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  • Jul. 11, 2011, 12:20 PM
    PetMed Express (PETS -4%) dips after William Blair cuts it to Market Perform and lowers FY10 growth projections. The firm cites concerns over Amazon.com's (AMZN) growing influence in pet medicine, saying "a significant share of the items on 1800PetMeds.com can be found more cheaply on Amazon.com."
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  • Jul. 11, 2011, 9:22 AM
    Electronics retailer Hhgregg (HGG) is being cut to Market Perform by William Blair. The firm believes Hhgregg to be especially vulnerable to losing market share to Amazon (AMZN), given its high level of product overlap and Amazon's lower prices. Shares -2.5% premarket.
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  • Jul. 7, 2011, 11:32 AM
    A federal court denies Apple's (AAPL) bid to prevent Amazon (AMZN) from using "app store" as reference to its online store for Android software.
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  • Jul. 7, 2011, 10:06 AM
    John Malone calls Liberty Media's (LCAPA +2%) $17/share offer for Barnes & Noble (BKS +1.5%) "a bit of a flier for us" in the face of stiff e-reader competition, but adds he likes the brick-and-mortar advantage the firm has with publishers. Liberty is reported to be in the due diligence phase of its acquisition push for the bookseller.
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  • Jul. 7, 2011, 8:06 AM
    Hackers yesterday disclosed a defect in Apple's (AAPL) iOS operating system that could enable criminals to break into iPhones and iPads. Apple said it was developing a fix. Meanwhile, a judge denied Apple a preliminary injunction to stop Amazon (AMZN) from using the 'App Store' name.
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  • Jul. 6, 2011, 10:51 AM
    Research firm Futuresource sees global consumer spending on digital content hitting $52B, or 46% of total media spending, in 2014, up from 24% of media spending in 2010. That's a pretty large pie for the likes of Apple (AAPL), Netflix (NFLX), Amazon (AMZN), and Hulu's future buyer to fight over.
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  • Jul. 6, 2011, 9:41 AM
    A subsidiary of Amazon (AMZN -0.7%) launches a new e-commerce site targeting the market for pet products. The firm believes Wag.com has solved the logistical back-end problem of shipping heavy bags of low-margin dog food, a profit concern that destroyed internet startup Pets.com a decade ago.
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  • Jul. 6, 2011, 9:34 AM
    Amazon (AMZN) apparently has big plans for its upcoming Android tablet, with Canaccord's Bobby Burleson claiming 4.5M-5M units may be built in 2011. Building a device and selling it are different things, but Amazon's production schedule can still be considered a positive for component suppliers Atmel (ATML) and Nvidia (NVDA).
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  • Jul. 5, 2011, 4:57 PM
    Nearly half of flat-panel TVs shipped through 2015 are predicted to include internet connectivity, up from 25% this year. Little wonder that Netflix (NFLX +8.1%) hit an all-time high today, as NFLX, AMZN and AAPL obviously are counting on the cloud as "a game changer for home entertainment and that your TV is nothing but a big iPad," Trutina Financial's Patty Edwards says.
    | 1 Comment
  • Jul. 5, 2011, 10:27 AM
    As Amazon (AMZN) fumes over the passage of state laws mandating the collection of sales taxes on online purchases, GeekWire reports that a lobbying group leading the push for such laws "was founded by Wal-Mart (WMT) and other big-box retailers."
    | 2 Comments
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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