Amazon Set to Launch Kindle Fire

Here’s advance information on Amazon’s (NASDAQ:AMZN) much-touted-to-be iPad killer — to be called Kindle Fire, it features a dual-core OMAP CPU from Texas Instruments (NYSE:TXN) and will look like the Research in Motion (NASDAQ:RIMM) PlayBook. This information was released by MG Siegler who earlier scooped the first known facts about Amazon’s tablet.

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At a press conference Wednesday in New York City, Amazon CEO Jeff Bezos is expected to launch the Fire on stage. It will ship from the second week of November and looks similar to the RIM PlayBook because it is designed and built by the same OEM manufacturer, Quanta. The 7-inch backlit display tablet will share shelf space with the older e-ink Kindles, which will continue to be available in the market.

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Amazon shares are trading at $226.12 today, down 1.62%. Shares are up 41.81% year-over-year. The stock’s trading range for the year is between $151.40 and $244.00.

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