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Citigroup Makes Bold Projection on Amazon's Kindle Based On...Well...Guessing

Posted on May 16, 2008

Citigroup Analyst Mark Mahaney is getting a lot of attention for predicting that Amazon.com's Kindle ebook reader will be a smash, iPod-like hit -- based on looking at the reviews on Amazon.com. Which may be the lamest bit of Wall Street analysis that I can recall.First of all, Amazon (AMZN) has kept a tight lid on any information aboutKindle sales. Mahaney admits he's got nothing from the company. In my interview with CEO Jeff Bezos,I asked him how many Kindles have been sold and he refused to say.Mahaney pieces together the fact that Amazon can't keep up with Kindledemand, the device's sales...

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