(MarketWatch) -- Amazon.com is widely expected to lift the wraps on a new large-screen Kindle device this week, which could be the first in a line of electronic reading devices geared toward newspapers and textbooks.
The online retail giant has scheduled a news conference for Wednesday -- 10:30 Eastern -- at Pace University in New York City.
Amazon did not disclose details about the event, but the New York Times reported over the weekend that the company is expected to unveil the latest version of its Kindle e-book reader. This device would reportedly have a larger screen optimized for newspapers, magazines and textbooks.
The Times also said that the newspaper's parent company is expected to be one of Amazon's partners in providing content for the device, citing unnamed sources.
Shares of Amazon were trading up nearly 2% at $80.50. The stock is up 60% since the first of the year.
A new Kindle designed for newspapers could be the first of many such devices. Two newspaper publishing companies -- News Corp. and privately held Hearst Corp. -- have disclosed plans to develop similar e-reader devices. A Silicon Valley startup called Plastic Logic is also developing a large-screen e-reader device geared toward newspapers.
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Monday, 04 May 2009
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