Short auf Amazon?
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Von Frank Patalong 11. Januar 2008
Jetzt macht auch Sony BMG mit, der letzte der vier großen Musikkonzerne: Amazon verkauft erstmals sein komplettes Liedangebot ohne Kopierschutz - und wird damit zum ernsthaften Rivalen von Apples iTunes. Das verhasste digitale Rechtemanagement: künftig ein Verkaufshindernis.[..]
[..]
Denn nach wie vor befinden sich die Verkaufszahlen für CDs im freien Fall (minus 15 Prozent im Jahre 2007), während der Download-Markt an Wichtigkeit gewinnt. Der aber ist in der Hand von Apple, denn iTunes hält weltweit satt über 70 Prozent des Marktes.[..]
[..]DRM-Maßnahmen gelten als das größte Verkaufshindernis für Musikdownloads. Im Gegensatz zu DRM-geschützten Dateien lässt sich DRM-freie MP3-Musik ohne Probleme vervielfältigen und auf allen denkbaren Geräten nutzen. Erste Studien zeigten bereits 2005, wie abschreckend DRM auf Kunden wirkt, seitdem wurden sie zigmal bestätigt: Fast durch die Bank bestätigen Marktforscher, wann auch immer sie die Sache unter die Lupe nahmen, dass DRM mehr Schaden anrichtet als nützt.[..]
[..]Was Apple bei den Musik-Downloads ist, ist Amazon im CD-Versandhandel. Einen Disput über grenzüberschreitende CD-Verkäufe via Amazon beendete der Online-Händler vor kurzem einfach, indem er die Top-Waren der Musikfirmen für ein paar Tage komplett aus dem Programm nahm (mehr...). Seitdem sind die Plattenfirmen kleinlaut. Was ihnen äußerst weh tut, kratzt Amazon nämlich nicht im geringsten. Auch hier sind die Abhängigkeiten klar verteilt.
"Indem wir still standen oder uns mit gletscherhafter Geschwindigkeit bewegten, haben wir - ohne das zu wollen - einen Krieg mit der Kundschaft begonnen. Wir verweigerten ihnen, was sie wollten. Die Kunden gewannen."
Warner-Chef Edgar Bronfman, 14. November 2007 [..]
Quelle: http://www.spiegel.de/netzwelt/web/0,1518,527992,00.html
Forrester gives CD four years
Wednesday, 27 February 2008
Half of all music sold in the US will be digital in 2011 and sales of digitally downloaded music will surpass physical CD sales in 2012, according to a new report by Forrester Research. "This is the end of the music industry as we know it," says Forrester VP and principal analyst James McQuivey.[..]
[..]
According to the report, digital music sales will grow at a compound annual growth rate of 23% over the next five years, reaching $4.8 billion in revenue by 2012, but will fail to make up for the continuing steady decline in CD sales. In 2012, CD sales will be reduced to just $3.8 billion.
The report is based in part on a survey of more than 5,000 consumers in the US and Canada. Among the drivers of Forrester's five-year forecast for music sales are MP3 player adoption, DRM-free music, and social networks.[..]
Forrester believes digital downloads are the logistical mass market for the future, satisfying all the needs that people have when it comes to music - easy to find, easy to buy, and easy to listen to, regardless of the device
Quelle: www.oto-online.com
The Force will be with you, always.
DieWahrheit
wie immer 3000 Stück.
US Arbeitsmarkt läuft mies.
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Shares of Amazon.com Inc. rose Tuesday after its chief financial officer reiterated the online retailer's 2008 revenue guidance and said Amazon is scrambling to improve production of its new e-reader device, Kindle.
Amazon shares rose $2.91, or 4.7 percent, to close at $65.34 Tuesday.
Speaking at Bear Stearns' annual retail, restaurant and consumer conference in New York, CFO Tom Szkutak said in a Webcast of the event that he was not updating the company's guidance Tuesday.
His comment came in response to a question about how Amazon accounted for a global economic slowdown in arriving at its 2008 guidance.
Amazon expects full-year sales of $18.75 billion to $19.75 billion and growth of between 26 percent and 33 percent over its 2007 sales of $14.84 billion.
Szkutak said a variety of factors are reflected in the company's guidance, including the expected impact of its membership-based two-day shipping program, Amazon Prime.
Szkutak also spoke positively about the company's recently introduced e-book reader, Kindle, and its accompanying online store.
He said Amazon is "continuing to scramble to improve production" of the product, which is currently sold out.
"People are buying content and they're using their devices, and we'll continue to monitor and learn from what we see there," Szkutak added.
http://www.businessweek.com/ap/financialnews/D8V6U1H00.htm
Am Tag zuvor sah ich ein Interview mit Marc Faber. Gefragt nach den Aktien die man auf jeden Fall meiden soll, listete er folgende vier auf:
Amazon
Apple
RIM
Aber du hast schon recht es könnte zunächst noch ein Stückchen nach oben gehen.
Gruß
Permanent
Emittentenkurs: | (05.03., 19:09:51) |
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Emittentenkurs: | (07.03., 14:35:58) |
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Durchschnittlicher EK 0,83€
Überlegung: Ölpreise bleiben hoch, somit auch die Preise an der Tankstelle, Arbeitsmarkt in den USA wird immer schwächer, woher soll Amazon da Wachstum nehmen?
Permanent
WKN DB92W1, läuft OK aber für den Verfall an den Börsen nicht eben super.
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realisieren.
Nun werde ich abwarten. Amazon ist weiterhin zu teuer. Eine Aktie wird mit einem 2008er KGV von gut 40 bezahlt. Google liegt über 20 und Ebay sogar unter 20. Yahoo ist aufgrund der schwebenden Übernahme durch Microsoft künstlich in die Höhe getrieben und somit derzeit nicht vergleichbar.
Amazon ist lediglich ein Einzelhändler und sollt über kurz oder lang auch nur so bewertet werden. Da dem Einzelhandel der Wind zur Zeit ins Gesicht bläst halte ich die Gewinnschätzungen für Amazon auch noch korrekturbedürftig. Amazon hängt wie auch WalMart am US Konsumenten. Der US Konsument muss sich um seinen Arbeitsplatz sorgen, wird an der Tanksäule mit stetig steigenden Beträgen zur Kasse gebeten ebenso saugen die steigenden Lebensmittelpreise zusätzliche Dollars aus seinem schwachen Budget. Zusätzliches Geld durch entsparen steht nicht zur Verfügung.
Somti bleibe ich bei meinen Amazon Shorts.
Hier der Kurs zum Wochenende.
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Permanent
Sales Probably Cooled as Fuel Prices Rose: U.S. Economy Preview
By Bob Willis
March 9 (Bloomberg) -- Consumer spending at U.S. retailers slowed in February as increasing fuel costs eroded Americans' buying power, economists said reports this week will show.
Purchases rose 0.2 percent last month after a 0.3 percent gain in January, according to the median estimate in a Bloomberg News survey before a March 13 Commerce Department report. Figures from the Labor Department the following day may show the cost of living increased.
A weakening job market and rising gasoline costs are hurting consumer confidence and spending, increasing the odds the economy is already in a recession. Investors last week raised bets the Federal Reserve will keep cutting the benchmark interest rate, currently at 3 percent, as it focuses on reviving growth over taming inflation.
Sales are ``reflecting the many strains on consumers,'' said Drew Matus, senior economist at Lehman Brothers Holdings Inc. in New York. ``We expect the Fed to cut rates to 1.5 percent by early 2009.''
Auto purchases in February were little changed from a three-year low reached in January, according to industry figures last week. Retail sales excluding automobiles also increased 0.2 percent after a 0.3 percent January gain, according to the Bloomberg survey.
Sales at chain stores in February increased more than forecast, as consumers suffering from higher fuel bills and the slump in hiring rushed to discounters such as Wal-Mart Stores Inc., according to figures from the International Council of Shopping Centers issued last week.
Confidence Wanes
``It does seem like this consumer sentiment is continuing to be affected by housing and credit,'' Richard Wagoner, chief executive officer of General Motors Corp., said in a Bloomberg Television interview March 4. ``I honestly can't tell you when and if we're going to see things turn back this year.''
Ethan Harris at Lehman Brothers and Bruce Kasman at JPMorgan Chase & Co. were among economists last week who said the U.S. had already fallen into a recession after the Labor Department reported the economy lost 63,000 jobs in February. They joined colleagues at Merrill Lynch & Co., Goldman Sachs Group Inc. and Morgan Stanley who had previously made a similar call.
The decline in payrolls was the second in a row and the biggest since March 2003.
``It's another nail in the consumer's coffin,'' said Josh Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. in New York.
16-Year Low
Weaker job growth, the biggest declines in home prices in at least 20 years and energy costs at record highs have shaken Americans' confidence. Consumer sentiment probably fell this month to the lowest level in 16 years, economists project a preliminary report from Reuters/University of Michigan on March 14 will show.
A Labor Department report on the same day may show prices paid by consumers rose 0.3 percent in February, according to the Bloomberg survey median, after a 0.4 percent gain the prior month. Excluding food and energy, so-called core prices probably increased 0.2 percent after a 0.3 percent gain the prior month.
Even as growth is slowing, inflation remains a concern for Fed policy makers as crude oil prices continue to rise, reaching an intraday record of $106.54 a barrel last week.
Bigger Risk
Still, some Fed policy makers have reiterated in recent weeks that slowing growth is the greater risk to the economy.
The Fed ``will be carefully evaluating incoming information bearing on the economic outlook and will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks,'' Fed Chairman Ben S. Bernanke said in testimony to Congress Feb. 27.
Traders are virtually certain the central bank will lower the benchmark rate by three-quarters of a percentage point at its March 18 meeting, according to futures markets. A month ago, the odds of a cut that large were only about 25 percent.
Also next week, the Commerce Department on March 11 may report the trade deficit in January widened to $59.6 billion, according to a Bloomberg survey, from $58.8 billion in December, as higher oil prices boosted the cost of oil imports.
Bloomberg News ================================================== Release Period Prior Median Indicator Date Value Forecast ================================================== =============== Whlsale Inv. MOM% 3/10 Jan. 1.1% 0.5% Trade Balance $ Blns 3/11 Jan. -58.8 -59.6 Federal Budget $ Blns 3/12 Feb. -120.0 -165.0 Import Prices MOM% 3/13 Feb. 1.7% 0.8% Import Prices YOY% 3/13 Feb. 13.7% 14.6% Retail Sales MOM% 3/13 Feb. 0.3% 0.2% Retail ex-autos MOM% 3/13 Feb. 0.3% 0.2% Initial Claims ,000's 3/13 9-Mar 351 355 Cont. Claims ,000's 3/13 2-Mar 2831 2835 Business Inv. MOM% 3/13 Jan. 0.6% 0.5% CPI MOM% 3/14 Feb. 0.4% 0.3% Core CPI MOM% 3/14 Feb. 0.3% 0.2% CPI YOY% 3/14 Feb. 4.3% 4.3% Core CPI YOY% 3/14 Feb. 2.5% 2.4% U of [bn:PRSN=1] Mich Conf []. Index 3/14 March P 70.8 69.0 ================================================== =============
To contact the reporter on this story: Bob Willis in Washington at bwillis@bloomberg.net
Last Updated: March 9, 2008 08:59 EDT
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Liegt es an der hohen Shortquote oder am Fall von Spitzer der eine Umsatzsteuer auf Onlineprodukte einführen wollte? Ich habe in diesem Jahr mit Amazon Shorts gut verdient, nun wo die Börse stark fällt bleibt Amazon stabil obwohl das Unternehmen sehr hoch bewertet ist und unter der Zurückhaltung der US Konsumenten leiden sollte.
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