Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, September 30, 2011

Article Excerpt

AMAZON.COM INC., $216.23, symbol AMZN on Nasdaq, has unveiled new models of its Kindle electronic-book reader, including the Kindle Fire, the company’s first tablet computer. The Kindle Fire features a seven-inch, full-colour touch-screen display. It is smaller and has less memory than the top-selling Apple iPad, but it will cost just $199 U.S., compared to $499 U.S. for an iPad. The Kindle Fire connects to the Internet through Wi-Fi networks, and uses the popular Android operating system developed by Internet search provider Google (Nasdaq symbol GOOG). Amazon will start shipping the Kindle Fire to customers in the U.S. on November 15, 2011. The tablet computer market is fiercely competitive. However, the Kindle Fire’s lower price should help it compete with the iPad, and give it an advantage over non-Apple tablets. As well, users will be able to easily buy and download e-books, music, movies and games from Amazon’s web site. The company will also let Kindle Fire users keep their…