Technology, Inc. (AMZN)

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From: Sr K2/1/2012 4:03:23 PM
1 Recommendation   of 163263
COVERAGE REITERATED: (AMZN) reiterated by Deutsche Bank. Reiterated rating Buy.
02/01 03:55 PM

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From: Glenn Petersen2/1/2012 7:27:35 PM
2 Recommendations   of 163263
Some numbers for LivingSocial (Amazon owns 31%):

Message 27921777

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From: Sr K2/2/2012 3:26:59 AM
   of 163263 Starts New Online Shopping Service in India
By Bloomberg News - Feb 2, 2012 12:59 AM ET Inc. (AMZN) started a new online shopping service in India, called Junglee, the Seattled-based company said in an e-mailed statement today.

To contact the editor responsible for this story: Stephanie Wong at

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To: Sr K who wrote (160955)2/2/2012 4:19:04 AM
From: Sr K
   of 163263
Details in the 10-K, page 16

From November 1—November 30, 2011
Amazon bought 1.5 (million shares)
at 189.22 (average price paid)

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From: Road Walker2/3/2012 10:43:01 AM
   of 163263
Arizona bills Amazon $53 million for uncollected sales taxes by Russ Wiles and Mary Jo Pitzl on Feb. 02, 2012, under Arizona Republic News

Arizona has handed a $53 million bill for uncollected sales taxes — the latest sign that the state is getting tougher on untaxed Internet commerce at a time when it’s also trying to encourage online distributors to set up operations here.

At issue is whether cash-strapped states should collect taxes on online sales and whether doing so will even the playing field between online marketers and those with a bricks-and-mortar retailing presence — companies that must collect taxes.

Consumers have a stake in the outcome. In a related move, Arizona recently added a line on its individual income-tax forms for 2011 asking taxpayers here to declare online, out-of-state and other purchases on which sales tax wasn’t collected. Another 25 states and the District of Columbia also have self-reporting lines.

In a Wednesday filing with the Securities and Exchange Commission, Amazon disclosed that Arizona issued the assessment covering untaxed transactions from March 1, 2006, through Dec. 31, 2010. The bill includes tax and interest on behalf of the state and certain, unspecified cities. Arizona’s sales tax, technically called a “transaction-privilege” tax, carries a rate of 6.6 percent.

Anthony Forschino, a spokesman for the Arizona Department of Revenue, declined to comment on the levy, citing taxpayer-confidentiality issues.

Amazon, the taxpayer in question, vowed to challenge the bill. “We believe that the assessment is without merit and intend to vigorously defend ourselves in this matter,” the company said in its SEC filing.

The Arizona assessment came 14 months after Texas billed Amazon $269 million in uncollected sales taxes, interest and penalties from December 2005 to December 2009. In its SEC disclosure, Amazon vowed to challenge that bill and revealed that the SEC recently closed an investigation into the matter, without disclosing the consequences of that probe.

Amazon said the disputes with Arizona and Texas could materially affect its business, operating results, financial position and cash flows, depending on how they are resolved.

While she is aware of the tax bill to Amazon, Gov. Jan Brewer is not taking a position on the agency’s action, her spokesman said. Matthew Benson said the decision to bill Amazon was the Revenue Department’s. Brewer, he said, does not take a position on decisions affecting individual taxpayers. The governor, he said, doesn’t have all the pertinent information needed to make such decisions.

Meanwhile, state Sen. Al Melvin, R-Tucson, last week introduced a bill that would tax online sales of any company with a warehouse, distribution center or similar place of business in the state. Senate Bill 1338 has the support of the Arizona Retailers Association. The Republican backers of the bill have said they view it as a tax-equity issue, noting that brick-and-mortar retailers have to pay sales tax, while online retailers are not pressed to do so.

The bill has yet to get a hearing and has been assigned to two committees, which makes passage more difficult because it would have to pass two hurdles before facing a Senate vote.

Norm Moore, who represents Amazon at the Legislature, said the firm has not yet taken a position on the Arizona legislation. But generally, he said, Amazon is working for a uniform federal law on online taxation, rather than having to deal with a welter of laws that differ from state to state.

Arizona has been able to attract Internet businesses such as Amazon in part because it hasn’t required online retailers to collect state and city sales tax. Other benefits to locating distribution and other facilities here have included inexpensive commercial real estate, cheap labor and relatively close proximity to the ports of Los Angeles and Long Beach, where a substantial amount of Asian imports are offloaded.

Amazon, the nation’s leading online retailer, has four distribution facilities in the Phoenix area, all in the West Valley. The centers store items available for sale on and process, package and ship those orders. Amazon has said its total investment in the Phoenix area is about $150 million.

The four facilities employ hundreds of workers, mostly in unskilled, lower-paying positions. Much of the work is seasonal, available mainly during the holiday shopping season from October through January.

In 1992, the U.S. Supreme Court ruled that a state can’t force online or mail-order retailers to add sales tax if those retailers have no physical presence in the state. Kevin McCarthy, president of the Arizona Tax Research Association, said there’s a question about whether Amazon’s fulfillment centers here should be considered physical presences.

“They developed a corporate structure that they felt exempted them from sales taxes,” McCarthy said. “I assume the Department of Revenue does not agree with Amazon’s corporate structure.”

The tax assessment on Amazon comes at a time when Arizona is raising consumer awareness of the issue, with a new line on individual income-tax forms that asks taxpayers to report their obligations on untaxed Internet and other transactions.

Since 1955, Arizona taxpayers have been obligated to report and pay “use” taxes on certain items on which sales taxes weren’t collected. These include purchases made in other states or foreign countries on which sales taxes either weren’t levied or were collected below Arizona’s 6.6 percent rate. Use taxes also have become more relevant with the growth of Internet commerce.

Republic reporters J. Craig Anderson and Betty Beard contributed to this article.

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To: Road Walker who wrote (160961)2/3/2012 10:54:56 AM
From: Sr K
   of 163263
NetSuite was up 4 to an ATH 48.815.

Pulled back, but still up 5%.

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To: Sr K who wrote (160962)2/3/2012 11:07:10 AM
From: Road Walker
   of 163263
Thanks; just use it don't own it but others here at work do... will pass on the info.

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From: TimF2/3/2012 2:24:48 PM
   of 163263
...Kindle: Amazon's Kindle readers range from a simple U.S. $79 model with a six-inch, grayscale screen to a $379.00 version with a 9.7-inch grayscale screen, built-in physical keyboard, and free 3G communications.

I own the Kindle Fire — the only Kindle with a color screen — and I use it often. Smaller, lighter, and at $199 roughly one-third the price of an analogous iPad, the Kindle Fire has a gorgeous screen; simple controls based on a bookshelf metaphor; and access to Amazon's huge library of books, other types of media, and an expanding library of games. Currently, the Kindle's application offerings are far fewer than what's offered for the iPad, but there are apps for Facebook and Twitter; Netflix, Hulu and Pandora; and many other popular online activities.

Although its seven-inch touch screen is significantly smaller than the iPad's, it's better-looking — making it ideal for reading books, playing videos up-close, and sneaking in an occasional game of Angry Birds. It just doesn't match the iPad for tasks that need larger screens and on-screen keyboards, such as managing e-mail and — with my vision — browsing the Internet. That said, my brother likes his Kindle Fire because its e-mail app automatically syncs with Microsoft's Exchange Server. He says it works like a champ.

My toddler son likes the Kindle Fire every bit as much as the iPad because it's easy to use and he doesn't mind watching videos and playing with interactive books on the smaller screen — those short arms naturally keep the Kindle up close. Although the iPad has a larger kids' library, Amazon offers enough Kindle media to keep any kid going for years.

? Bottom line: If you're willing to live with fewer features and capabilities, the Kindle is a bargain compared to the iPad — and it gives you a better screen for reading books.

Nook: I'll confess I don't own a Nook, but I know people who do and they love it — primarily for its simplicity. Models range from the basic $99 e-reader with a six-inch, grayscale touch-screen to the $249 tablet that comes with a seven-inch, color touch-screen.

The Nook's forte is as an e-reader. After playing with the color version for a while, I liked it better than the Kindle Fire when reading digital books and magazines: the scrolling works more naturally and more quickly, and in bright light the screen is a bit easier to read. I also preferred Nook's microphone, home key, and hardware volume control. The Nook also has a microSD card slot, a feature missing on the Kindle Fire.

On the other hand, browsing around the Web is easier on the Kindle; the built-in Web browser simply works better. The Kindle Fire is also cheaper, it has more cloud services, you can download videos to the Fire for later playback — and I just plain prefer the Kindle's interface.

There are rumors that Barnes&Noble might spin off its Nook division, possibly selling it to some company that can afford to keep the format competitive. But given the number of Nooks in the hands of avid e-book readers, the Nook should be around for years to come.

? Bottom line: Although the color Nook has tablet-like capabilities, it's best as a light, compact, inexpensive device for reading digital books and magazines. If in doubt, try both the Kindle Fire and the Nook Color, and decide which interface you prefer...

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From: Sr K2/4/2012 2:04:25 AM
2 Recommendations   of 163263
Key Windows Phone Leader Goes To Amazon

By Array | Business Insider – 6 hours ago

Brandon Watson, who was in charge of getting developers to build apps for Windows Phone, is quitting Microsoft to work on Kindle apps at Amazon.

Mary Jo Foley at ZDNet first reported the news.

Watson told us that he was attracted to Amazon largely because he's a huge fan of the Kindle. In fact, in 2009 he was featured in a New York Times article talking about how much more he started reading after he bought a Kindle.

Watson was originally recruited to the role by Charlie Kindel, who once held a similar role on the Windows Phone team


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From: Road Walker2/6/2012 11:25:02 AM
2 Recommendations   of 163263
Amazon Has Tried Everything to Make Shopping Easier. Except This.By DAVID STREITFELD
Doug Strickland/Chattanooga Times Free Press, via Associated PressSanjay Shah, left, general manager of Amazon’s new warehouse in Chattanooga, Tenn., at an opening ceremony on Thursday with the Tennessee governor, Bill Haslam.
Much of the discussion about Amazon is focused on its digital side, yet the company is relentlessly expanding into the physical.

It has announced five new United States warehouses since late December, all with more than a million square feet. It is testing out delivery lockers in New York and Seattle for those who cannot receive their goods at home. It has been experimenting with a grocery delivery service in Seattle for several years. It has expanded its Prime $79 annual shipping fee program, hoping members will order more of everything. In all sorts of ways Amazon is trying to remove the obstacles from home delivery. Does anyone remember how mail order once meant getting things a month later? Now Amazon thinks two days is too long.

One major reason the retailer seems to be giving up its hard-line position on charging customers sales taxes is that it wants to build its warehouses close to major population centers. If it does that, it cannot argue that it is exempt from collecting state taxes because it lacks a physical presence in a state. But the increased business from faster delivery might be a worthwhile trade-off to charging the tax.

Still, until we achieve the teleportation of objects, there is only one way to immediately get physical goods. It is called a store. For years, there has been speculation that Amazon will open its own outlets, presumably to sell Amazon-label products. The idea seems farfetched, but before 2001 so was the idea of Apple operating its own stores. “I give them two years before they’re turning out the lights on a very painful and expensive mistake,” a consultant told BusinessWeek about Apple’s plans in what has become one of the most celebrated bad guesses of the era.

So maybe that is where we’re going with Amazon. Instead of using everyone else’s store as a showroom for e-commerce, the retailer could control the process and operate its own showroom. “There wouldn’t have to be any inventory, you would simply play with the stuff, talk to a professional and swipe your Amazon Prime credit card (or Amazon phone) and have it at your house in the next 24 to 48 hours,” Jason Calacanis wrote in a recent blog post headlined: “Rumor: Amazon Retail Stores Coming.”

Amazon does not comment on rumors (or on much of anything, really.) But analysts do not think highly of the notion. The company wants to get closer to its customers to bridge the last mile of distribution, but not that close. “I don’t think the idea of Amazon getting more physical and adding more bricks would improve their return on invested capital,” said Brian Nowak of Nomura Securities.

Another problem: Apple, he noted, was focused on one category. Amazon ranges all over the map. Its stores might be pretty big.

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