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InternetCitigroup sees better Amazon Kindle sales (Reuters)

Tue, 12 Aug 2008, www.yahoo.com

Reuters - Citigroup said on Monday that Amazon.com Inc's Kindle electronic book reader appears to be selling much better than expected and could double a previous estimate for units sold this year, sending shares in the online retailer up 9 percent.

NEW YORK (Reuters) - Citigroup said on Monday that Amazon.com Inc's (AMZN.O) Kindle electronic book reader appears to be selling much better than expected and could double a previous estimate for units sold this year, sending shares in the online retailer up 9 percent. With few cool new gadgets expected on the market, the Kindle could be one of the top electronics gifts of the upcoming holiday season, along with Apple Inc's (AAPL.O) newest iPhone, Citigroup said. "Turns out the Kindle is becoming the iPod of the book world," Citigroup analyst Mark Mahaney wrote... [ Read more on www.yahoo.com ]


Other news fromInternet:

InternetFaster Attacks Break DNS Patches in Under 10 Hours (NewsFactor)

Tue, 12 Aug 2008, www.yahoo.com

NewsFactor - The Internet remains vulnerable to exploits of a critical security flaw in the Domain Name System, a Russian programmer demonstrated last week. Writing on his blog on Friday, Evgeniy Polyakov posted that he had succeeded in getting patched DNS software to return an incorrect location in less than 10 hours.

InternetIkea Sets Up Mobile Shop in Britain

Tue, 12 Aug 2008, www.internetnews.com

Retail giant offers pay as you go wireless service.