Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, April 1, 2011

Article Excerpt

PLEASE NOTE: Our next Hotline will go out on Thursday, April 7, 2011. AMAZON.COM INC., $180.13, symbol AMZN on Nasdaq, has announced a new service, called Amazon Cloud Player, that lets users upload their music to an Amazon server and play it through any web browser, or on smartphones or tablet computers that use Google’s Android operating system. This way, users don’t have to download music to their computers or smartphones and then transfer it to other devices. Cloud Player users get 5 gigabytes of storage for free. That’s enough for about 1,000 songs. Users who buy music MP3 files from Amazon’s online music store will get 20 gigabytes for free for one year. Amazon is launching Cloud Player ahead of similar services being developed by Google, Apple, and even Facebook. That gives it a slight advantage, and will also let the company take some market share in the digital-music market, which is now dominated by Apple’s iTunes. However, it’s far…