Key Developments: Amazon.com Inc (AMZN.O)

Latest Key Developments (Source: Significant Developments)

Amazon.com Inc Launches Online Marketplace In India-Business Standard
Wednesday, 5 Jun 2013 02:41am EDT

Business Standard reported that Amazon Seller Services Pvt Ltd, an Amazon.com Inc company, announced the launch of an online marketplace in India, www.Amazon.In. Starting with books, movies and TV shows video products, Amazon.In will introduce additional categories including mobile phones and cameras in coming weeks, the Company said. The Company has also launched two new seller programmes 'Selling on Amazon' and 'Fulfilment by Amazon', Full Article

Amazon.com Inc And Viacom Inc Announces Multi-Year Video Licensing Agreement
Tuesday, 4 Jun 2013 09:06am EDT

Amazon.com Inc and Viacom Inc. announced an expanded multi-year, multi-national digital video licensing agreement to bring hundreds of TV showsand thousands of TV episodes from Viacom to Prime Instant Video. This deal includes a collection of TV shows that customers won`t find on any other digital video subscription service. Prime members will have unlimited instant streaming access to popular kids programming such as Bubble Guppies, The Backyardigans, Team Umizoomi, Blue's Clues and Victorious, along with top-rated shows from MTV and COMEDY CENTRAL like Awkward, Tosh.0 and Workaholics. Prime members will also have access to future episodes of Dora the Explorer, SpongeBob SquarePants, Fairly Odd Parents, Fresh Beat Band and more. LOVEFiLM customers in the UK and Germany will get some of the same great shows later this summer. Full Article

Amazon.com Inc Workers In Germany Set For Third One-day Strike-Reuters
Sunday, 2 Jun 2013 08:03pm EDT

Reuters reported that Workers at internet retailer Amazon.com Inc's German operations are set to hold a third one-day strike on Monday in a dispute over pay and benefits. Trade union Verdi has called on workers at Amazon's logistics centres in Leipzig and Bad Hersfeld to stop working from 0400 GMT. About 600 workers at Amazon's facilities in Bad Hersfeld and around 300 in Leipzig went on strike on May 14 and followed up with one-day stoppages on May 27 in Leipzig and May 29 in Bad Hersfeld. The union is also pressing for higher basic pay and bigger supplements for night shifts. Full Article

Amazon.com Inc Workers In Germany Stage Strike-AP
Monday, 27 May 2013 07:20am EDT

The Associated Press reported that Amazon.com Inc's German workers are staging a short-term strike in a push for higher wages. The ver.di union said employees in Leipzig are walking off the job in a one-day warning strike. The union is pushing the online retailer to adopt wage agreements similar to those governing retail and mail-order workers, which include Christmas bonuses and extra pay for working nights, Sundays and holidays. The agreements could mean as much as EUR9,000 ($11,700) more annually for Amazon workers. Full Article

Amazon.com Inc Issues Q2 2013 Guidance
Thursday, 25 Apr 2013 04:00pm EDT

Amazon.com Inc announced that for the second quarter of 2013, it expects net sales to be between $14.5 billion and $16.2 billion and Operating income (loss) to be between $(340) million and $10 million. This guidance includes approximately $340 million for stock-based compensation and amortization of intangible assets, and it assumes, among other things, that no additional business acquisitions, investments, or legal settlements are concluded and that there are no further revisions to stock-based compensation estimates. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $15.9 billion and EBIT of $164 million for the second quarter of 2013. Full Article

Amazon.com Inc To Acquire Goodreads
Thursday, 28 Mar 2013 04:01pm EDT

Amazon.com Inc announced that it has reached an agreement to acquire Goodreads, a site for readers and book recommendations that helps people find and share books they love. Terms of the acquisition were not disclosed. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2013. Full Article

Amazon.com Inc Issues Q1 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Tuesday, 29 Jan 2013 04:00pm EST

Amazon.com Inc announced that for the first quarter of 2013, it expects net sales to be between $15.0 billion and $16.6 billion and Operating income (loss) to be between $(285) million and $65 million. This guidance includes approximately $285 million for stock-based compensation and amortization of intangible assets, and it assumes, among other things, that no additional business acquisitions or investments are concluded and that there are no further revisions to stock-based compensation estimates. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $16.9 billion and operating profit of $(14.64) million for the first quarter of 2013. Full Article

Amazon.com Inc Announces Acquisition Of IVONA Software
Thursday, 24 Jan 2013 09:00am EST

Amazon.com Inc announced that it has acquired text-to-speech technology company IVONA Software. IVONA delivers world-class technologies that power the Text-to-Speech, Voice Guide and Explore by Touch features on Kindle Fire tablets. Additionally, IVONA delivers text-to-speech products and services for thousands of developers, businesses and customers around the world. Full Article

Amazon.com Inc Fights $234 Million Tax Liability In Tax Court-Reuters
Tuesday, 15 Jan 2013 05:03pm EST

Reuters reported that Amazon.com Inc is fighting the U.S. Internal Revenue Service over a $234 million international tax bill, a dispute similar to others in which the agency has struggled to collect corporate taxes. The case, filed on December 28 in U.S. Tax Court in Washington, has implications for other technology companies with software assets that may prove difficult to value for tax purposes. The IRS informed Amazon in November 2012 of what the agency said were unpaid taxes for 2005 and 2006. The agency also is contesting tax deductions Amazon claimed on its net operating losses, among other issues, according to the court filing. Amazon first publicly disclosed in April 2011 that it faces $1.5 billion in additional federal taxes over a seven-year period, beginning in 2005. Full Article

Amazon.com Inc To Face UK lawmakers Over Tax-Reuters
Monday, 12 Nov 2012 08:35am EST

Reuters reported that UK lawmakers will quiz executives of Amazon.com Inc on November 12, 2012 about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here. The Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, has invited the companies to give evidence amid mounting public and political concern about tax avoidance by big international companies. Full Article

Amazon.com Inc News

From the ashes of Webvan, Amazon builds a grocery business

SAN FRANCISCO - The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001.

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Earnings vs. Estimates

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