Amazon has a ton of momentum - they are arguably the best retailer, the best place to buy books for sure and Kindle is a killer product. I had been thinking and writing that the risk to the stock was going to be Apple's response to Kindle.
The NY Times outlines the case for Google having an impact at some point:
"In discussions with publishers at the annual BookExpo convention in New York over the weekend, Google signaled its intent to introduce a program by that would enable publishers to sell digital versions of their newest books direct to consumers through Google.
Google has discussed such plans with publishers before, but it has now committed the company to going live with the project by the end of 2009."
It should be no surprise that good innovations in large markets attract a lot of attention and competition. It is surprising how long it took this to play out.
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Futures are strong and oil is strong. Looks like another big up day.
The NY Times outlines the case for Google having an impact at some point:
"In discussions with publishers at the annual BookExpo convention in New York over the weekend, Google signaled its intent to introduce a program by that would enable publishers to sell digital versions of their newest books direct to consumers through Google.
Google has discussed such plans with publishers before, but it has now committed the company to going live with the project by the end of 2009."
It should be no surprise that good innovations in large markets attract a lot of attention and competition. It is surprising how long it took this to play out.
****
Futures are strong and oil is strong. Looks like another big up day.
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