The Google Android-powered, 10-inch Amazon tablet is expected to launch in October, according to The Wall Street Journal. If true, the Amazon tablet will expand on the Kindle's e-reader franchise and will likely carry a price small enough to undercut the popular Apple (AAPL) iPad.
Helping confirm the news, Taiwan's DigiTimes reports that contract manufacturing giant Foxconn has received orders to produce the Amazon tablet. Foxconn also makes the Kindle, the iPad and the iPhone.
Amazon shares ended the week up $2.49, or 1.18%, at $212.87.
RBC Capital analyst Mike Abramsky added his voice to calls for a split of Research In Motion (RIMM) this week. Abramsky, a die-hard RIM bull, urged the company in a research note Tuesday to split into two businesses: network and devices. "Acting now may target opportunities and unlock significant shareholder value," he wrote. The restructuring call comes as RIM's stock continues its free fall this year, down more than 52% since January, while rivals Google and Apple continue to sweep up BlackBerry market share. RIM shares ended the week up 25 cents, or 0.92%, at $27.52.
The Department of Defense unveiled its first strategy for operating in cyberspace on Thursday, vowing to improve its ability to deal with increasingly sophisticated digital attacks. "It is critical to strengthen our cyber capabilities to address the cyber-threats we're facing," said Secretary of Defense Leon Panetta, in a statement. "I view this as an area in which we're going to confront increasing threats in the future." The Pentagon's cyberspace strategy comes at a time of heightened awareness of vulnerabilities in critical U.S. infrastructure, such as the power grid.
The coming week sees some of tech's biggest names reporting their quarterly results. Tech bellwether IBM (IBM) kicks things off when it posts its second-quarter results after market close on Monday, while Apple busts out its third-quarter numbers on Tuesday. EMC (EMC), Intel (INTC) and F5 Networks (FFIV) are on deck Wednesday, with Microsoft (MSFT) reporting its fourth-quarter earnings after market close on Thursday. -- Written by James Rogers in New York. >To follow the writer on Twitter, go to http://twitter.com/jamesjrogers. >To submit a news tip, send an email to: firstname.lastname@example.org.
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