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Amazon's Kindle unlikely to set world on fire

Posted Aug 12 2008, 03:48 PM by Todd Harrison
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After analysts expressed high hopes for the company's future, shares for Amazon jumped over 9%, to $88.09, on Monday. While Amazon is widely expected to maintain their industry lead in e-commerce, many believe they'll see an extra boost from sales of the Kindle, Amazon's new electronic book reader which is gaining intense buzz.

It marks the first time in years that something in the literary world has attracted this much attention - without involving a school of witchcraft and wizardry.

Released in November 2007 to compete with the Sony Reader, the Kindle already has over 4,000 reviews on its Amazon order page. 76% of users rank it with 4 or 5 out of 5 stars.

Though Amazon hasn't released the official sales record for the device, it's being dubbed "the iPod of the book world," and some predict first-year sales will match those of the popular MP3 player.

Others believe it's wishful thinking to assume John Grisham will ever be as popular as Jay-Z.

The Kindle works like a cell phone -- over a dedicated 3G network called Whispernet -- rather than via wi-fi. Users can choose from over 150,000 titles for purchase and download. Pages are displayed on a black-and-white, glare-free screen; text can be enlarged to suit your needs.

Doodling in the corners and turning the pages into a flipbook, alas, can still only be done in regular books.

Top Stocks blogging partner Todd Harrison is founder & CEO of Minyanville.com. This post was written by Minyanville Contributor Mike Schuster.

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Comments

 

I've had a Sony Reader for a few years and I'll admit that after the "cool/new" factor wore off it was one more somewhat useful, somewhat nice occasionally used "thing".

It's still easier and quicker to read a paper based book and the batteries never wear down. It's also less hassle to quickly zip back to the Table of Contents or Index.

I see the real benefit for students carrying 10-12 books that are 10 pounds each. Put all these on an ebook and you have a real saving of space and backs

I have a Kindle and love it.  Works great and you can't beat the price of the Kindle version of popular books.  I can comfortably take the Kindle with me where ever I go and I have a whole library in the palm of my hand, amazing piece of technology, that makes life a bit more convenient.

Eh.

I'd rather just have my books.  I like the way they smell, I can leave them around without worrying about someone stealing them (except maybe for my Harry Potters), and I can read them in the tub.  Try dropping your Kindle in the bathwater!

My son gave me my Kindle for Mother's Day and my daughter is pouting because, as she says, "His present was way cooler than mine."  I LOVE my Kindle.  As a voracious reader, my inventory of E-books already tops 120 titles...and that's 120 books I don't have to shelve, pick up, dust, move etc etc.  It's a fabulous convenience and I'm passing on the joy...this Christmas my son AND my daughter (both big readers) are getting their own Kindles.

One more piece of electronic junk you do not need.  Books are great - Pass them on or down to your kids.  I am building a library with built-in book shelves and a ladder, add a nice leather chair and you can read for years.  In 20 years this kindle will probably be the cause of infertilization and testicular cancer.  Don't drink the Kool-Aide any longer.

Oh Brother!  Someone has taken a very simple task...reading...and made it more complicated and expensive than it needs to be.  Stuff like the Kindle is technology for technology's sake.  How does the cost make reading better?

I prefer to download books FREE from the library to my MP# player and can listen to books anywhere, especially in the car when driving. My 4 GB MP player holds about 6 books at atime. Why pay for each book or have to READ...anymore.

I know it's hard to understand for those that take pleasure in the feel, smell, and ease of an actual book, but Kindle really is great...

I'm an addicted reader. I have more books than I have space for and I move a LOT at Gov't expense - to a weight limit, at which point it becomes MY expense. As of today, I have 143 books on a small device that fits into my purse and can be stored in my small nightstand...

I'm able to take it with me EVERYWHERE - which has been a God-send on more than one occassion. And the money I have saved on the price of actual books has more than made up for the cost of the Kindle

Currently, I'm in Europe where book selection for me is limited, and ordering from a bookseller takes weeks for delivery, IF it doesn't get lost. Being able to get new books within minutes - is wonderful. And the availabilty of of older books on-line at other resources? It's just icing...

Reading IS better because I get to enjoy it in a way that I haven't been able to in a long time...Technology may not be for everyone - but don't knock it 'til you try it!

I just got my kindle and I say the only problem with it, it is a little pricey, but otherwise a great book reader. I would recommend it to anyone who loves to read.

I would love to get one for my Mom, but she is elderly and ill.  how hard are they to use.  SHe loves to read and needs large print.

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