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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Mar. 7, 2012, 2:28 PM
    Apple (AAPL) has decided to keep the 16GB versions of the iPad 2 around at price points of $399 (Wi-Fi only) and $529 (Wi-Fi/3G). The price cuts stand to make life even more difficult for rival high-end tablet vendors, which in turn could spell trouble for chip suppliers such as NVDA, ATML, and CY. However, Barnes & Noble (BKS +4.8%), whose Nook Tablet goes for $199-$249, is actually spiking higher. Amazon (AMZN +1.5%) is largely unchanged. (more)
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  • Feb. 22, 2012, 11:58 AM
    Netflix (NFLX -5.5%) shares continue to slide, apparently from yesterday’s news that Comcast (CMCSA) will offer its own streaming video service, but the company receives favorable comments today following Credit Suisse's endorsement. Piper Jaffray reiterates its Overweight rating and $130 price target, believing NFLX's "content lead is growing" even as Amazon (AMZN) and Hulu are “gaining traction."
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  • Feb. 16, 2012, 7:55 AM
    Amazon (AMZN) slides 3.9% premarket after being downgraded to Equal-Weight from Overweight by previously vocally bullish Morgan Stanley. The bank - which also cut its PT to $190 from $220 - sees decelerating sales growth throughout the year, which will become painfully clear to investors when Amazon delivers guidance following Q1 earnings. 
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  • Feb. 14, 2012, 3:24 PM
    Netflix (NFLX +4.2%) moves up on positive comments out of Credit Suisse today, saying its strong competitive position hasn't changed with the recent announcements by Verizon (VZ -0.9%) and Coinstar (CSTR -0.8%), or with Amazon.com's (AMZN -1.1%) streaming deal with Viacom (VIAB -0.9%).
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  • Feb. 14, 2012, 3:00 PM
    Amazon's (AMZN) Prime service has just 3-5M subscribers as of October, fewer than estimated, according to a Bloomberg report. The shares immediately dive nearly 3% on the news, before bouncing a bit. Analysts had estimated the current tally to be around 10M.
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  • Feb. 8, 2012, 1:18 PM
    Netflix (NFLX -2.6%) slumps after Amazon (AMZN) announces its anticipated Prime Video deal with Viacom (VIA, VIAB). The deal adds over 2K titles from cable networks such as Nickelodeon, MTV, and Comedy Central, and boosts the size of Amazon's library to 15K (Netflix has 20K+). Ryan Lawler believes Prime Video now looks like a real competitor to Netflix, but thinks a standalone service is needed.
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  • Feb. 1, 2012, 11:17 AM
    In spite of Amazon's (AMZN -8.6%) revenue weakness and selloff, e-commerce peers eBay (EBAY +2.3%) and Groupon (GRPN +3.6%) are actually outperforming the NASDAQ today. The gains could be evidence the Street believes Amazon's woes are company-specific and/or have much to do with a mix shift towards third-party retailers. (more on AMZN)
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  • Feb. 1, 2012, 11:05 AM
    Amazon (AMZN -9.2%) remains sharply lower following its revenue miss and soft guidance. Stifel and Collins Stewart are worried a growing reliance on third-party retailers bears much responsibility for the top-line weakness, while Canaccord notes shipping and fulfillment costs again outgrew sales. So did hiring, which Barb Darrow thinks may have something to do with the needs of the web services business. (more) (transcript)
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  • Feb. 1, 2012, 7:54 AM
    Goldman cuts its price target for Amazon to $182 from $190 following last night's earnings report. The bank's analysts cut their 2012 revenue forecast by $2B to $63.6B and GAAP operating margin to 0.3% vs. consensus 1.8%. While overall Kindle sales probably came in well below hopes for 13.9M units, Kindle Fire likely hit the bank's 6M target. AMZN -9.1% premarket.
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  • Jan. 31, 2012, 6:15 PM
    Mentioned during Amazon's Q4 earnings call: The company ended Q4 with 56,200 employees, up 67% Y/Y. 17 fulfillment centers built in 2011, raising total to 69. Plans to keep up its aggressive investment pace. Video game revenue fell Y/Y. Company willing to buy back stock "at the right value." Still no details on Kindle Fire sales. AMZN -8.7% AH. (live blog) (webcast)
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  • Jan. 31, 2012, 4:20 PM
    More on Amazon's Q4: North American sales +37% Y/Y (44% in Q3). International sales +31% (44% in Q3). Merchandise sales +48%, media sales +15%. Operating cash flow was $4.27B ($3.48B in year-ago period). Kindle device unit sales +177% Y/Y. (no specifics on Kindle Fire) Operating margin was 1.4%, down from 3.8% in year-ago period. AMZN -8.1% AH. (PR)
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  • Jan. 31, 2012, 4:07 PM
    Amazon.com (AMZN) Q4 EPS of $0.38 beats by $0.19. Revenue of $17.43B (+35% Y/Y) misses by $780M. Expects Q1 revenue of $12B-$13.4B, largely below $13.4B consensus. Expects operating income of -$200M to $100M. Shares -8.5% AH. (PR)
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  • Jan. 31, 2012, 8:34 AM
    BSkyB (BSYBY.PK) plans to start a new movie service that will directly challenge the rise of Netflix (NFLX) and Amazon (AMZN) in the U.K. The firm hopes to reverse its declining market share by offering movies over the Internet, as well as distribute additional content on mobile phones and games consoles. Shares of BSYBY.PK +3.6% in London trading.
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  • Jan. 18, 2012, 10:58 AM
    Amazon's (AMZN +2.4%) Kindle Fire might be more profitable than expected, RBC Capital believes, seeing 3M-4M sales accretive to operating margins within the first six months of ownership. RBC's analysis assigns a cumulative lifetime operating income of $136/unit at a 20%-plus operating margin, which "could ease some investor concerns around operating margin compression."
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  • Jan. 9, 2012, 10:13 AM
    Akamai (AKAM -1.8%) shares sink after Citigroup lowers its rating to Sell from Neutral, citing valuation after an "overly aggressive" stock price reaction to last month's purchase of Cotendo and greater competition from Amazon's (AMZN) CloudFront CDN business. On the Cotendo deal, it is “not clear that Cotendo will provide Akamai material new products of market opportunities."
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  • Jan. 9, 2012, 9:45 AM
    Netflix (NFLX +2.9%) continues its recent rally after announcing the launch of its streaming service for the U.K. and Ireland. The company is offering the service for £5.99/month in the U.K and €6.99/month in Ireland, and has established a long list of content partners. However, concerns exist about Netflix's licensing costs, as well as competition from Amazon's (AMZN) Lovefilm subsidiary.
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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.