Friday, April 24, 2009

Amazon 1st qtr earnings/net sales grow

Wall St. Journal reports Jeff Bezos' press conference detailing very positive 1st quarter results yesterday at a time when companies all around are not doing so well.  To a question about Kindle plans and whether Amazon will "unleash" their computing power to compete more with netbooks, Bezos replied:
"We think reading is an important enough activity that it deserves a purpose-built device. That's really a sweet spot for us."
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