...may work to the benefit of AMZN stock price.
Anything's possible, but also in the news today, CDNow and N2K are combining. Will that be taken as implying they can't compete with Amazon? Probably by some, but news that Amazon faces a bigger and stronger (no debt, over $100 million combined cash, earlier start in music retailing, bigger share) competitor in music on top of the news that B&N and Bertelsmann are joining forces, not to mention the latter's existing huge music business (BMG), can't really be good news.
It also appears that long-time lover of high flyers, Jim Cramer, is looking for a fall in a long list including AMZN, YHOO, AOL and even -drum roll please- DELL. He was talking them all down this morning on Squawk Box.
FWIW, BWDIK?, etc.
Bob |
