Missed during BEA madness was Jeff Bezos’s webcast speech to Amazon shareholders last Thursday. At least as interpreted by some, Bezos seemed to indicate that Kindle isn’t making money for the company yet (despite wild analysis by Wall Street analysts who don’t understand the business). Bezos said the company “is investing very heavily” in its digital business but “I don’t want people to think it’s a big cash-flow generator for us.” Speaking of the company’s businesses in China and cloud computing he said they were in “investment mode” and added, “we continue to plant these seeds and our experience — […]
