$118.49. That’s the price at which Amazon shares closed Friday, a day after the company reported a 69 percent jump in third-quarter profit and a 28 percent gain in revenue. It was a new 52-week high and the stock’s best since December 1999, when it hit $106.68. Which is saying something. Because as you might recall, in 1999, Nasdaq was soaring on the back of the dot-com bubble to levels never before seen.
According to comScore, Web traffic to Amazon in the U.S. rose 14.8 percent, far outstripping that of overall U.S. Internet traffic, which grew just 3.5 percent. “It appears that Amazon is gaining share the old-fashioned way,” ThinkEquity analyst Ed Weller noted last week, “by acquiring more and more customers…and selling more to each of them.” Judging from the nice gain in third-quarter earnings the company posted after Thursday’s closing bell, that would seem to be the case.
Books vanishing from e-readers…magazines on Hulu…DVDs from a kiosk…cats and dogs living together…mass hysteria!
As of this week, pretty much anyone can tell you–“Skank” blogging just doesn’t pay. Unless your $15 million privacy lawsuit against Google ends up going your way, that is. Rosemary Port, the person who used Blogger to anonymously insult former model Liskula Cohen, was unmasked last week after months of speculation and promptly sued Google for turning over her information. Hilarity ensued, complete with dueling morning TV appearances.
Amazon CEO Jeff Bezos’s hair-shirt apology for Kindlegate was a nice gesture, but it didn’t go over particularly well with Justin Gawronski, a Michigan high school senior who lost his homework when the retailer remotely deleted a copy of George Orwell’s “Nineteen Eighty-Four” from his Kindle earlier this month. He’s filed a class action suit against Amazon seeking to prevent it from deleting books from Kindles in the future.
Six years after shuttering its first e-book effort, Barnes & Noble has embarked on a new one. Monday afternoon, the bookseller announced what it describes as “the world’s largest eBookstore,” an online storefront that boasts 700,000 titles.
Amazon hasn’t said how many Kindles it has sold since launching the device in 2007, but it may soon be selling quite a few more of them. The company today dropped the price of the six-inch Kindle to $299–$60 off of its previous price. That’s certainly not a dramatic reduction, but it may be enough to drive consumers who’ve held off on purchasing the device to reconsider.
Amazon’s Kindle DX finally has a release date. It will arrive at market nine days from today. In a brief announcement issued this morning, the retailer said its new e-book reader, which boasts both a larger screen and price tag than its predecessor, will ship on June 10 with orders prioritized on a first-come, first-served basis.
It was like a liveblogging tournament this past week–one that included a lot of the big players, but ended in a three-way tie.
According to BoomTown’s reliable sources, the elusive Microsoft-Yahoo deal is making “meaningful” progress. Accordingly, BoomTown also wondered whether Ballmer planned on visiting Carol Bartz on his trip to the Bay Area this week, or if the proximity of Stanford to Yahoo was just chance, given that Stanford was his main destination.
What propitious timing. At a press conference in New York City later this morning, Amazon is expected to announce a new large-screen Kindle designed for reading periodicals and textbooks. And yesterday, on the eve of that announcement, came word that the company had been awarded a patent on the original Kindle design. The patent, #D591,741, is entitled “Electronic media reader” and it makes just a single claim.
It’s almost as if Sprint Nextel’s postpaid customers can hardly wait for their contracts to expire so they can jump to another carrier. The troubled wireless carrier lost more than one million postpaids in the first quarter of 2009 amid fierce competition from rivals AT&T and Verizon Wireless.
Welcome once more to Weekend Update! I’ll be filling in today for your regular host Beth Callaghan, who’s on vacation. And what sane person wouldn’t be, after the slew of Silicon Valley silliness inspired by April Fools Day this past week? Digital pranks were the name of the game, and Google and others heaped so many tepid hoaxes upon us that we wanted to call April Fold so as to quickly end this round of gags.
With its speech synthesizers, brain current-operated controls and solar power source, the device described in Monec Holding’s patent–“electronic device, preferably an electronic book”–would seem to have little in common with Apple’s iPhone. Still, it is a “light-weight” electronic device with a “touch-screen” and “a power source.” And these days, that’s enough file suit over…
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
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