Just about a year ago, in the crater that was the stock market, shares of Amazon were $35. After a bang-up third quarter, Amazon shares now trade at $119. That is a moon-shot of 240%.
The e-reader market is diversifying, and people who want devices to display digital books now have several choices: Amazon's Kindle, Sony's Reader and, as of last week, Barnes & Noble's Nook.
It may not have won the book price war (yet), but Amazon defeated Wall Street expectations on Thursday, reporting a 69% surge in third-quarter profit, led by strong sales of its Kindle e-reader.
U.S. stocks were set to extend gains Wednesday as investors remained upbeat about the global economic recovery and braced for the start of third-quarter corporate results.
Paul Jessup is an avid reader who is increasingly turning to e-books to feed his love of the written form. It's not just ease of use that draws Jessup to books in a digital form, it's the potential e-books represent.
Just about a year ago, in the crater that was the stock market, shares of Amazon were $35. After a bang-up third quarter, Amazon shares now trade at $119. That is a moon-shot of 240%.
The e-reader market is diversifying, and people who want devices to display digital books now have several choices: Amazon's Kindle, Sony's Reader and, as of last week, Barnes & Noble's Nook.
It may not have won the book price war (yet), but Amazon defeated Wall Street expectations on Thursday, reporting a 69% surge in third-quarter profit, led by strong sales of its Kindle e-reader.
U.S. stocks were set to extend gains Wednesday as investors remained upbeat about the global economic recovery and braced for the start of third-quarter corporate results.
Paul Jessup is an avid reader who is increasingly turning to e-books to feed his love of the written form. It's not just ease of use that draws Jessup to books in a digital form, it's the potential e-books represent.
On a bright May morning Jeffrey Bezos descended from atop Mount Seattle unto the press corps. He appeared casually on stage in a standing-room-only theater in New York City. Like another messenger of long ago, he carried a tablet. And he said unto the people: "Ladies and gentlemen, I'm excited to introduce Kindle DX." Keyboards tapped. Shutters clicked. And as the Amazon founder and CEO turned a 9.7-inch display toward the masses, they saw an inscription: The New York Times.
I'm not blogging as much as I used to. Part of it probably has to do with the job - it's just tough to find the time. (Despite what J.J. Cale might tell you, it's not easy to let it all hang out after midnight.) But I think a bigger reason simply might be that I have literally been Facebooking and Twittering (some say frittering) all my content away! I get a thought, I meet someone interesting, I go somewhere cool, and then snap crackle pop, I put it up. Crazy right? But more than that, what are the implications? As Joni Mitchell might say: "Well something's lost, but something's gained."
The question of whether Amazon's Kindle will overhaul the news industry in the same way it has already begun to shake up book publishing may soon be answered.
Is the world finally ready for the mobile minitablet? It's become quite clear over the last several months that Apple is ready to bridge the mobile computing gap, with plans to develop a device that fits somewhere in between the iPhone and the MacBook.
Amazon's new Kindle 2 has a synthetic voice that can read aloud e-books, articles and blogs. Described as an "experimental" feature, it has surprisingly good command of nuance and inflection, but some people are voicing concerns.
Never pick a fight with someone who buys ink by the barrel. Mark Twain's advice was apt in its time but sounds downright quaint these days. The ink-stained publishing world is battling against companies like Google and Yahoo that sell ads via any Internet-friendly gadget. And we know how that fight is going: The buy-ink-by-the-barrel types are struggling.
Against a backdrop of plummeting ad revenue for newspapers and magazines, and rising costs for paper and delivery, Hearst Corp., is getting set to launch an electronic reader that it hopes can do for periodicals what Amazon's Kindle is doing for books.
While traveling in China, Genevieve Bell figured she'd have no trouble getting a cell phone. With cash, a passport and official documents from her employer, she went to a local shop where phone packages lined the walls, and asked for one.
Amazon.com Inc. said Wednesday that its profit climbed 48 percent in the third quarter, but the company reduced its full-year sales outlook, showing that the online retailer cannot escape the weak economy
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