Key Developments For Amazon.com, Inc.
Amazon.com, Inc. (AMZN.O) (Nasdaq)
Amazon.com Completes Acquisition Of Zappos.com
Amazon.com announced the completion of its acquisition of Zappos.com. Zappos.com, Inc. is a online apparel and footwear sales that strives to provide shoppers with the best possible service and selection.
Amazon.com Issues Q4 2009 Guidance In Line With Analysts' Estimates
Amazon.com announced that for the fourth quarter of 2009, it expects net sales to be in the range of $8.125-$9.125 billion or to grow between 21% and 36% compared with fourth quarter 2008 and expects operating income (EBIT) to be in the range of $300-$425 million. This guidance includes approximately $100 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 Reuters Estimates, analysts are expecting the Company to report EBIT of $368 million on revenues of $8.168 billion for the same period.
Publishers Choose Print On Demand Technology From Amazon.com's CreateSpace And Amazon Europe
Amazon.com announced that CreateSpace, part of the Amazon.com group of companies entered into agreements with several international publishers who are using print-on-demand technology to distribute content in the United States market on Amazon.com and other channels. Amazon Europe also announced agreements with publishers - including Germany`s Langenscheidt and Bibliographisches Institut and the United Kingdom`s Cambridge University Press and Faber & Faber to make content more accessible to customers shopping.
Amazon.com Cuts Kindle Price; Offers International Version-WSJ
The Wall Street Journal reported that Amazon.com has trimmed $40 off the price of its Kindle e-reader and introduced a version of the device with international wireless service, in an effort to combat growing competition in the coming holiday shopping season.
Eolas Technologies Inc. Files Infringement Lawsuit Against Amazon.com And Others
Eolas Technologies Inc. announced a Texas federal lawsuit filed to assert the company's intellectual property rights based on two patents, including one that has passed two separate reexaminations at the United States Patent and Trademark Office (USPTO) and resulted in a $565 million federal court judgment in 2004. The lawsuit, filed in the U.S. District Court for the Eastern District of Texas, includes claims related to two Eolas patents, U.S. Patent No. 5,838,906 (906 Patent) and U.S. Patent No. 7,599,985 (985 Patent). The companies named as defendants include Adobe Systems, Amazon.com; Apple Inc.; Argosy Publishing Inc.; Blockbuster Inc. ; CDW Corp.; Citigroup Inc.; eBay Inc.; Frito-Lay Inc. (a subsidiary of Purchase, PepsiCo Inc.); The Go Daddy Group Inc.; Google Inc.; J.C. Penney Co. Inc.; JPMorgan Chase & Co.; New Frontier Media Inc.; Office Depot Inc.; Perot Systems Corp.; Playboy Enterprises International Inc.; Rent-A-Center, Inc.; Staples, Inc.; Sun Microsystems Inc.; Texas Instruments ; Yahoo! Inc.; and YouTube LLC, a subsidiary of Google Inc.
