Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, October 9, 2009

Article Excerpt

AMAZON.COM INC., $95.96, symbol AMZN on Nasdaq, is now selling its Kindle e-book reader in over 100 countries. The reader will ship on October 19, and will cost $279 U.S. Canada has not yet been included in the expansion. That’s because Amazon has not reached a deal with a wireless carrier, such as BCE, Rogers or Telus. Kindle users can download files from Amazon’s Kindle store, which contains over 350,000 books. Most bestsellers and new releases are just $9.99 U.S. each. International users will pay an extra $1.99 U.S. Users can also download leading U.S. and international magazines and newspapers, as well as over 1,200 blogs. Amazon is also cutting the price of its more advanced Kindle 2 reader by 13.4%, to $259 from $299. The Kindle 2 is only available in the U.S. Kindle books now represent 48% of total book sales when both Kindle and paper versions are available. That’s up from 35% in May and 13% in February. Amazon.com is…