Tech Business Review: Amazon Discontinues More Kindles, Facebook Moves Up

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  • Share on LinkedIn (NASDAQ:AMZN) might have discontinued the Kindle Touch, says paidContent, which, if accurate, would leave the more expensive and favorably-reviewed Kindle Paperwhite as the company’s sole remaining touchscreen e-reader. Production of the oversized Kindle DX has already ceased.

Shares of Facebook (NASDAQ:FB) move up prior to its third quarter results, subsequent to Susquehanna’s forecast of in-line numbers and an implication that ad sales growth might be at an “inflection point.” Citigroup is less sanguine, believing that Facebook has hit an “air pocket,” and also that Google’s mobile and European difficulties do not seem a harbinger of better times.

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ServiceNow (NYSE:NOW) shares dip and rebound slightly, as Hewlett-Packard Co. (NYSE:HPQ) launches its cloud-based information tech service desk software with assertive pricing — $89 per month will be charged for dedicated users and $178 per month for a “floating” account shared between users. H-P’s prices imply a willingness to cut into sales of its traditional Service Manager software so as to weaken the share gains of ServiceNow and other cloud-based competitors. Meanwhile, Citrix Systems (NASDAQ:CTXS) entered the market in September by purchasing the startup Beetil.

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