Saturday, May 9, 2009
Buy some Amazon-AMZN
Amazon To Target $5.5 Billion Textbook Market With New Kindle?
http://www.washingtonpost.com/wp-dyn/content/article/2008/07/17/AR2008071702597.html
Texas House approves bill on funds for school electronic text books.
http://www.dallasnews.com/sharedcontent/dws/news/texassouthwest/stories/DN-textbooks_03tex.ART.State.Edition1.4afd165.html
Textbooks of the future? If that turns out to be the case Amazon is set to grab onto that market share.
It will probably take a while for this to become integrated into schools nationwide, we'll see how it does in Texas.
However, regardless of the kindle/textbook outcome Amazon is a great long term investment. Even in the rough economy, Amazon has still produced a good looking 1st quarter statement, much better than most companies in their sector.
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1 comment:
Plus Amazon sales a ton of new textbooks and makes some good user fees on the used textbook marketplace.
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