Amazon - The anti-apple?

Reports show that Amazon is set to release a tablet of their own this fall.  I know there have been dozens of iPad-killer attempts and no one has been successful to date, however I think Amazon is going to surprise everyone and be the big contender.

Amazon plans on selling their tablet for "hundreds less" than the ipad.  I'm guessing that means we're looking at $199 tablet that will be compete with the iPad in terms of performance, and appearance.  I think this will be a game changer - just look at the HP Touch Pad, which couldn't sell a unit priced at $499, then when HP dropped the price to $100 it flew off the shelves with lines out the door of every Best Buy in the country, prompting online retailers to raise their prices to $199 or even more - the fact that people were willing to line up out the door and pay double the retail price for these tablets that are basically going to be sold for parts in a year since HP won't be supporting them means that Amazon's tablet will be a huge success.

Amazon is of course hoping for sales to come in from the sale of Apps, and I'm sure their going to make this tablet their eventual Kindle replacement which is as you know extremely profitable.  If we want to get extremely speculative, I bet you Amazon figures out a way someday to integrate their e-Ink technology into their tablet making it the ultimate reading and web surfing device, even in the sun.

Some might think that Amazon might be overpriced, trading at 87x earnings, but the fact is it's a high growth stock still that is hoarding cash by the day - they consistently beat estimates and have very little debt.

I think we should look to make an entry into this stock and hold onto it for a few months to see what happens when the tablet is officially released prior to this holiday season.  I'm thinking this is going to be the hot must-have gift for Christmas 2011.

Why Steve Jobs means more to Apple than the general public
understands...

https://plus.google.com/u/2/107117483540235115863/posts/gcSStkKxXTw#107117483540235115863/posts/gcSStkKxXTw

-jL

Sent from my iPhone

Buffett to Invest $5 Billion in Bank of America

Bank of America said it will receive a $5 billion investment from Warren Buffett's Berkshire Hathaway as doubts have grown in recent days about the banks's capital position. BofA shares surged 26% to $8.76 premarket trading.


http://online.wsj.com/article/SB10001424053111904787404576530211731979854.html?mod=djemalertMARKET

There's an APPL for that!

With steve jobs stepping down from the CEO post apple stock is taking an (unnecessary) beating. While Jobs is the visionary, Cook has been on the front lines for years and has been groomed by Jobs to take the helm. With the iphone5 and I'm sure an iPad3 coming out sooner rather than later, and with HP folding its tablet cards, I think APPL will continue to crush earnings and make waves.

I Motion for us to entet Appl asap to take advantage of the hit it's taking due to Jobs' departure.

"Sent from my BlackBerry"

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