Legg Mason&#39;s Miller Uses Amazon.com to Beat S&amp;P 500 a 14th Year
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Bill Miller&#39;s $16 billion Legg Mason Value Trust is poised to beat the Standard &amp; Poor&#39;s 500 Index for a record 14th straight year after a holiday rally in Amazon.
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Online retailer Amazon.com Inc.  AMZN.O on Monday said it set a one-day selling record this  year and logged its busiest holiday shopping season in its 10  years.
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Amazon.com Inc AMZN.O on  Thursday posted a higher quarterly profit but its stock fell  more than 4 percent as the online retailer's results failed to  top Wall Street expectations.
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Amazon.com Inc.&#39;s shares rose almost 9 percent yesterday after the company reported a record number of sales and said consumer electronics outstripped book sales for the first time in its 10-year history.
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Web retailer Amazon.com Inc. said Wednesday its fourth-quarter profit more than doubled, helped by fast-growing international sales.
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Famed stockpicker Bill Miller of Legg Mason Inc.  has outperformed the Standard & Poor's 500 index for a 14th straight year, a feat no other mutual fund manager has accomplished since at least 1960.
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(InfoWorld) - Best known as an online retailer, Amazon.com has been gradually building up the number of Web services it offers to developers, with the ultimate aim of turning that operation into a profitable business. Jeff Bezos, founder and chief executive officer of Amazon.com, dubbed the company's growing move into developer Web services as "the hidden Amazon" during a keynote address at the Emerging Technologies Conference on the Massachusetts Institute of Technology's Cambridge campus Wednesday. About 200,000 developers have registered to use the 10 different Web services Amazon.com is providing so far, including three that Bezos highlighted in his talk -- Mechanical Turk, Simple Storage Service (S3) and Elastic Compute Cloud (EC2). Mechanical Turk is a Web service that allows developers to post questions to a large group of people to gain their insight on a particular issue. S3 and EC2 are Web services that let AmazonÂ sell excess storage and excess compute capacityÂ respectively to third-party developers. "These are all pay-by-drink services," Bezos said. "You can use and experiment." The S3 and EC2 Web services are proving particularly popular with developers at companies that can't afford to invest in huge amounts of hardware and storage that they only require on an occasional basis, to test out the scalability of their software. With EC2, a developer could pay Amazon.com $70 for continual access for one month to the computing power of one of the company's high-level servers or alternatively, pay the same amount of money to have access to 700 servers for a single hour, Bezos said. "It completely changes what's possible," Bezos said. "Everyone who's started a company wants to go directly from their idea to a successful product." Instead, the inventor faces a host of obstacles, such as lengthy purchasing decisions on what computer hardware to invest in and how to manage heterogenous environments. Bezos terms those IT obstacles as "muck" and is hoping that Amazon.com's Web services can help alleviate some of those issues. "We're working on a Web service to get rid of tax lawyers, but it's not working yet," he quipped. Amazon.com plans to make its Web services operation into "a very profitable business," Bezos said. The company intends to keep its focus on developers with the hope that third-party companies will then use Amazon.com Web services to create consumer-facing applications, he added. All of the services are work that Amazon.com has already done internally to run its own vast online operations. "The last few years, we've been exposing those things that we have to do anyway," Bezos said. "It's a relatively small step to say we're eating this dog food, we should share it with others." One area Amazon.com has had to figure out is what business model to use in selling the services. "It tickles me that we routinely send people bills for 18 cents," Bezos said. He added that such a process isn't cost effective at present, but is more about experimenting with a potential new business model.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Online retailer Amazon.com Inc. on Monday said it set a one-day selling record this year and logged its busiest holiday shopping season in its 10 years. -Reuters
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Stocks ended higher on Thursday, with the Dow finishing above 14,000 for the first time and hitting a record close, on profits that beat expectations in the technology and industrial sectors.
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Money manager Legg Mason Inc.  on Monday posted record quarterly earnings on all-time high revenues, advisory and related fees, and assets under management.
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Money manager Legg Mason Inc. LM.N  on Monday posted record quarterly earnings on all-time high  revenues, advisory and related fees, and assets under  management.
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Amazon.com Inc. AMZN.O on  Wednesday posted a quarterly profit that missed Wall Street  estimates and it unveiled a costly new shipping program that  heightened concern about falling margins, sending its shares  tumbling 14 percent.
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The markets rallied in the year 2006, and making money was not a difficult task.  But the BullTrade.com (http://www.bulltrade.com) portfolio outdid the general market, and continued to outperform the large majority of mutual funds.
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Online retailer Amazon.com  posted a sharp rise in third-quarter net profit on Tuesday, helped by robust domestic and international sales and the latest Harry Potter book.
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Amazon.com Inc.  posted  quarterly net profit on Tuesday that more than tripled,  surprising Wall Street, as U.S. sales jumped, sending shares up  17 percent after-hours.
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Australia&#39;s S&amp;P/ASX 200 Index advanced for a third day and was heading for a record close. Foodland Associated Ltd. rose after full-year earnings climbed 19 percent, helped by one-time gains.
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Shares of online retailer Amazon.com Inc rose more than 2 percent on Wednesday after the company said the 2007 holiday season was its strongest to date.