Amazon faces big rivals

Article Excerpt

AMAZON.COM $261.68 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206- 266-1000; www.amazon.com; Shares outstanding: 452.1 million; Market cap: $118.3 billion; No dividends paid) has unveiled two new devices: the Kindle Paperwhite e-book reader and a larger version of the Kindle Fire tablet computer, named the Kindle Fire HD. However, even though its two new products have strong potential, Amazon must continue to deal with intense competition in the e-book market from big rivals like Apple, Barnes & Noble and Google. As well, the Apple iPad is now the dominant tablet, and significant new competitors, including Google and Microsoft, have entered this market. Amazon.com is still a hold. hold…