Tech Business Roundup: iPad Mini Debuts the 23rd, Workday’s Excellent IPO
Jeff Bezos confirms that Amazon.com (NASDAQ:AMZN) has not made money from the Kindle, as he explained to BBC that “We sell the hardware at cost. We want to make money when people use our devices, not when they buy them.” The crux of the matter is that the company gains its profits from the books, applications, films and other products purchased by Kindle users.
The iPad Mini (NASDAQ:AAPL) will be introduced at an event on October 23rd, says John Paczkowski at AllThingsD, who had previously predicted that the date would be in that month. A rumor that press invitations would come on Wednesday didn’t prove correct. The Mini’s debut is said to have been delayed by manufacturing yield problems.
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Shares of the carrier Clearwire Corporation (NASDAQ:CLWR) double-spiked on anticipation that the firm will be purchased at an acceptable premium to recent levels, pursuant to a SoftBank/Sprint linkup. Shares are now up some 92 percent over the last 2 days. On the other hand, Sprint Nextel (NYSE:S) moves a bit lower after Thursday’s large gains.
The Workday (WDAY) IPO did not let the firm down, as shares opened at $48.05 and are topping $50 near the close, up more than 78 percent from its elevated IPO price of $28. The company has been characterized by some as the future of enterprise-class human resources software.
Don’t Miss: When Will the iPad Mini Debut?