Search results for Amazon
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Posted
Jun 12 2008, 12:02 PM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
A major Borders shareholder wants the company to sell itself to Amazon. And when a guy like William Ackerman talks, Borders is going to at least listen carefully. Trouble is, Ackerman's pitch falls flat. Borders shares are up 3% on the news today to $6.94.
Ackerman is the billionaire founder of a hedge fund that owns about 30% of Borders. He thinks Amazon could use a physical presence across the country (Borders has 500 stores). It would cost Amazon more than $1 billion to build those stores on its own, but it could buy Borders for $400 million, Ackerman said. If Amazon wanted to open stores, it would have done so a long time ago. But Ackerman says that life's about to change for Amazon in a way that might make Borders more attractive.
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Posted
Mar 18 2009, 03:11 AM
by
Bernhard Warner and Matthew Yeomans
Rating:
Money Blog: Top Stocks Blog - MSN Money
This post comes from partner site The Big Money. IBM (IBM) is in early stage talks to buy Sun Microsystems (JAVA), the Wall Street Journal reports, in a deal that would "bolster IBM's heft on the Internet, in software and in finance and telecommunications markets." Talks could yet fall through, the Journal says, but there is also a chance the negotiations could wrap up as early as this week. IBM is likely to pay at least $6.5 billion in cash, the newspaper adds, a premium of more than 100% over Sun's closing price Tuesday. Sun's share price rocketed more than 80% in morning trading Wednesday on the news, while IBM shares fell slightly.
Big Blue's interest in Sun comes down to control of a $100 billion market, the Journal writes, and it's all focused on the data center -- the large computer rooms that keep businesses and the Internet running.
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Posted
May 01 2009, 03:44 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Someone at technology news site, Cnet, came up with the clever idea of running a poll to learn the age of people who use Amazon’s (AMZN) miracle book reader, the Kindle. About 700 people responded, which puts the survey somewhat below what researchers would expect from Gallup, but it is a reasonable straw poll, nonetheless.
What surprised Cnet and what should surprise anyone who looks at the results is that 50% of the people who use Kindles are over 50 years old. About 27% were over 60.
Since the Kindle qualifies as “new technology”, it is supposed to find its initial market among the young and impressionable. The opposite appears to be true. People who should have fixed habits including reading physical books using reading glasses are buying an electronic book reader instead.
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Posted
Jul 20 2009, 06:05 PM
by
Louis Navellier
Rating:
Money Blog: Top Stocks Blog - MSN Money
It's the heart of earnings season. The good news is that earnings, so far, are exceeding expectations. The bad news is that expectations were really, really lousy.
But there are two stocks due to report this week (on Thursday, to be exact) that are worth paying attention to. Not only do I see these companies easily beating Wall Street's forecasts, they're companies I want to own. The stocks are Hershey (HSY) and Amazon (AMZN).
Hershey is, of course, the legendary chocolatier. The company makes all the candy that's near and dear to our hearts; Hershey's Kisses, Reese's peanut butter cups, Swizzles licorice, Mounds, York Peppermint Patties and Kit Kats (licensed from Nestle). To be honest, I'm not much of a chocolate lover myself, but if there's a bowl of Hershey Kisses with almonds nearby, well … I have to eat at least one.
Business has been pretty sweet for Hershey lately
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Posted
Jul 23 2009, 02:23 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Amazon.com (AMZN) is making the largest acquisition in its history, buying the online shoe store Zappos.com for 10 million shares of stock -- or around $900 million. And it’s paying another $40 million to Zappos employees.
All this for shoes? I would never buy shoes online, but a lot of others do; online shoe sites ran up $4.3 billion in sales last year.
Amazon tried to tap into that market with its own site, Endless.com. But even with a substantial marketing push, Endless only got 777,000 visitors in June compared with Zappos’ 4.5 million, The New York Times reports.
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Posted
Sep 03 2009, 03:47 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Google’s (GOOG) YouTube may finally come up with a way to raise revenue. It streamed nine billion videos last month, but, by some estimates loses $300 million a year.
The quality of the video on YouTube is usually so low that advertisers don’t want to put their high-quality TV messages on the service. That leaves YouTube with limited options to make money. Bing: The best movies of all time
The video-sharing service is in the final stage of a process to set up a movie rental business with most of the largest studios, including Lions Gate and MGM. Many other companies in the industry will probably join if the program works well. YouTube would offer films for streaming at a price of $3.99. Its audience is large enough that the program could actually work.
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Posted
Sep 15 2009, 01:30 PM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article is written by Minyanville's Kristen Graham
As one of the few freestanding electronic retailers left standing, I’ve found myself warming up to Best Buy (BBY) lately. See, Best Buy is a retail winner. This morning, the company released second-quarter results have further piqued my interest in the company.
The retailer missed earnings estimates as profits fell 22%. But total revenue rose 12%, boosted by the 170 new European stores it opened over the last year. And domestic sales increased 2% -- a solid figure in my mind as positive sales growth is pretty rare in the retail space these days. See Also: Best Buy boosts full-year forecast More importantly though, inventory fell 6.1%, positioning the company to enter the holiday season with a lean balance sheet. And market share soared 2% as its formerly crippled rival Circuit City is no longer in operation and current competitors just don’t offer as impressive of a selection of merchandise.
Despite increased traffic flow, the average ticket fell. This comes as no surprise as consumers simply don’t have the funds to make larger purchases right now. The key point here, though, is that consumers are still going to Best Buy for their electronic needs. Sure -- they may not be making purchases as large as they once would have, but they're still going or switching to the big-box retailer when they need electronic goods.
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Posted
Sep 22 2009, 04:02 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
DVD sales are flagging and rentals are up -- news likely to be unwelcome at the major movie studios. The Digital Entertainment Group announced that in the first half of this year, DVD sales fell almost 14% to $5.4 billion. DVD rental revenue rose 8% to $3.4 billion.
While kiosk operator RedBox and DVD mailer NetFlix (NFLX) are a large part of the rise in rentals, it is Apple (AAPL) and Amazon (AMZN) that really crush studio DVD sales.
Revenue for online stores was up 21% for the period to $968 million. At that rate of growth and the drop in DVD sales, Apple and Amazon have become essential to studio revenue and a real danger to premium DVD profits.
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Posted
Sep 23 2009, 04:06 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Jeff Bezos, the founder and chief executive of Amazon (AMZN), is known for being eccentric, but his new handset offer may be taking that act a bit too far. Cell phones using the AT&T (T) wireless network were selling on Amazon yesterday for one penny each. If the program is a success it is likely to come back.
The only product not available at the remarkable price is the Apple (AAPL) iPhone.
The purchase of the phone must be made with a two-year AT&T wireless subscription. The phones also come with free two-day shipping.
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Posted
Oct 02 2009, 08:19 AM
by
InvestorPlace
Rating:
Money Blog: Top Stocks Blog - MSN Money
 This article was written by InvestorPlace.
Disney (DIS) wants to get children and their parents interested in reading online. Disney Digital Books is the latest in what is becoming a long line of hardware and content companies, including Amazon (AMZN), Barnes and Noble (BKS) and Sony (SNE), that hope to get readers to throw away newspapers, magazines, and hard and soft cover books. Bing: Disney Stock
In the place of traditional media will be “print” products that can be read on the web or on news readers like the Amazon Kindle, Sony’s new e-reader and products from Barnes & Noble and several other content distribution firms.
Disney’s approach is slightly different from Amazon’s. Disney assumes that children will read from a PC screen. The company bills Disney Digital Books as a "cutting-edge way for children to experience the joy of reading in a robust and safe interactive environment."
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