Amazon Re-Kindles the Fire, Sony Shakes Up Entertainment Unit, and 3 More Hot Stocks
Amazon.com Inc. (NASDAQ:AMZN): Amazon has brought two new tablets into the Kindle family, the 7-inch and 8.9-inch HDX models, as well as given the Kindle Fire HD a price cut and a refresh. The new units sport high-resolution displays and Qualcomm’s (NASDAQ:QCOM) quad-core Snapdragon 800 CPU. The Wi-Fi-only 16GB 7-inch HDX goes for $229, and a comparable 8.9-inch HDX for $379. Higher-capacity and 4G models are also offered; as for the Kindle Fire, an 8GB model is now available for just $139, and a 16GB model for $169.
Sony Corp. (NYSE:SNE): Sources are indicating that on top of Sony Entertainment’s layoff of marketing chief Marc Weinstock on Monday and the departure of PR chief Steve Elzer, more executives at the struggling studio will be shown the door as Sony rallies to shake up the unit. “The Loeb thing woke everybody up and now they’re trying to do everything they can to show they’re making changes and not standing pat,” said one source to the New York Post, referring to Loeb’s proposal that Sony spin off 20 percent of its entertainment division.
Microsoft Corp. (NASDAQ:MSFT): Though the next CEO of Microsoft is still up in the air, founder Bill Gates can be crossed off the list. Many have called on Gates to take up the position once again, as Microsoft is now dealing with slowing Windows sales and the enormous acquisition of Nokia’s devices unit. However, Gates told Business Insider that he’s “part-time involved” with Microsoft as chairman and that running his foundation remains his “full-time job.”
Electronic Arts (NASDAQ:EA): Shares of EA are trading around flat on the day of the release of FIFA 14. The soccer game has been met with largely positive reviews — it includes improved game physics and AI with new team and multiplayer modes. ”FIFA 14] is a more deliberate, challenging game with less forgiveness, though it still mostly resembles the FIFA we’re used to,” Joystiq says. “It’s better in some ways, especially with the fresh menu system and added strategic depth in both manager career mode and Ultimate Team.”
Hewlett-Packard (NYSE:HPQ): HP revealed that its principal accounting officer and controller, Marc Levine, submitted his resignation on September 18, effective on November 1. Seeking Alpha notes that the disclosure (via the company’s 8-K) comes a month after HP announced a big management shakeup and 10 months after the company said it uncovered serious accounting fraud in its Autonomy unit.