This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Amazon Agitates for Digital Revolution

Updated from 3:47 p.m. EDT

Amazon (AMZN) is looking to lure newspaper readers and students onto its electronic book technology with the Kindle DX, a device it launched Wednesday.

The online retailer took the wraps off its latest e-book offering in front of a crowd of journalists at New York's Pace University and is now eyeing a digital media revolution.

Capable of downloading books and other content via 3G wireless networks, the Kindle technology is touted as an alternative to traditional books, newspapers and magazines. The previous version of Kindle, however, offered a 6-inch screen, which was not well suited to viewing newspapers and textbooks.

"The fact of the matter is that, even with electronic paper, you need a big display," admitted Jeff Bezos, the Amazon CEO, explaining that the Kindle DX's screen is just under 10 inches.

Other new features of the Kindle DX include a built-in PDF reader, a keyboard for creating annotations, and an expanded capacity capable of storing 3,500 books. The reader also comes with "auto-rotation," enabling readers to view content in either portrait or landscape mode, simply by flipping the device.

In addition to the Kindle DX, Amazon also announced a slew of partnerships Wednesday, which hinted that e-book readers could be here to stay. A handful of big-name newspapers, including The New York Times and The Washington Post, will offer the Kindle DX at a reduced price to readers who live in areas where home delivery is not possible and who sign up for a long-term subscription.

This move could be significant. With ad revenues falling, newspapers are desperate to cut their production costs and open up new online revenue streams.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,079.57 -42.44 -0.25%
S&P 500 1,996.74 -3.38 -0.17%
NASDAQ 4,557.6950 -11.9260 -0.26%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs