If many of you are wondering what a Kindle is, don't worry. You're not alone. Kindle is a wireless reading device that was developed by Amazon.com (AMZN). You can read books, newspapers and magazines on the device just as you would read them on paper. Amazon released these devices last November amidst a lot of hype.
After six months of nothing happening on the Kindle front, Amazon CEO Jeff Bezos issued a press release calling the Kindle a "huge success" and a "revolutionary" device. Now, we're not new to such hype, but the clincher here is he had no numbers, no sales figures and no revenue amounts to support his claim. And immediately, pandering analysts raised the price target on Amazon, yet again making life difficult for shorts.
$71.44 (07/02/08)
