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Wall Street Breakfast: Must-Know News

Another step down the ladder by the newspaper business, as an individual that spent the 80's in the newspaper biz and the 90's as an owner in an Internet development company it is with a mixed bag of emotions to watch the printed newspaper business collapse.

In with the new however, journalism is what matters to democracy, not publishing.

Amazon's Rich Valuation Defies Logic

Amazon has been the bane of short sellers since the late 90's, I knew a Pittsburgh firm that lost $25 million because they "knew" it had to go down.

The reality is that there is a chance that Amazon is the next Wal-Mart, so you can play around day to day and maybe make some money but your risk becoming a "great er fool".

Amazon: What's Behind the Kindle Shortage?

Don't won one but have seen enough to feel that the Kindle has a chance to develop relationships and channel for profitable areas of publishing such as text book market ($15B annual US).

Amazon: New Kindle To Tap $5.5 Billion Textbook Market?

There are a number of very good reasons to move onto a platform like the Kindle for textbooks. First is the reduction of the cost of paper books and the elimination of the resource intense process of printing books. While there will be books for as long as we can think about, the cost of printing books often enough to keep them current is too high relative to the e-Book alternative.

The screens will be amazing and finally will provide as good of an experience as printed books. The ability to update and correct an electronic book is a strong advantage for eBooks over printed copies.

It will evaporate some businesses, but being from Pittsburgh it was clear long again that businesses are like species and they are all endangered. The networking capability will allow peer to peer to take on new tasks, tutoring, collaboration, and students will do things that we can't imagine.

The good news is that the savings and higher level of performance from the eBooks will provide an educational advantage at a time that we really need one.