Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, September 27, 2013

Article Excerpt

AMAZON.COM INC., $316.01, symbol AMZN on Nasdaq, has unveiled two new versions of its Kindle tablet computer, as the company aims to increase its small share of the highly competitive tablet market. Amazon has an estimated 5% of the U.S. tablet market, compared to 51% for the Apple iPad and 19% for Samsung. The company will continue to offer its lower-end Kindle Fire HD, with a seven-inch screen, for $139. However, it is now introducing a new seven-inch Kindle Fire HDX starting at $229 and an 8.9-inch Kindle Fire HDX starting at $379. The HDX models come with both front- and rear-facing cameras and enhanced screens that show sharp colors in light and dark settings, plus additional options for 4G wireless connectivity on AT&T and Verizon Wireless networks. They are lighter and faster than the previous generation—running Qualcomm’s Snapdragon 800 processor—and have about 11 hours of battery life. The HDX devices also offer a new feature called Mayday that lets users start live video…