EmptyAmazon flooded with orders
The 2006 holiday season was Amazon's "best ever," peaking with more than 4 million orders placed on Dec. 11, the Web retailer said Tuesday. In its 12th holiday season, Amazon said that at its peak, it sent out more than 3.4 million units in a single day. The company said it sold 1,000 Xbox 360 game consoles in 29 seconds as part of a promotion that slashed two-thirds off the regular retail price. The top-selling DVD titles were "Pirates of the Caribbean: Dead Man's Chest," starring Johnny Depp, and "Cars," and the top-selling CDs were from Josh Groban and the Beatles. The company also said it sold the most expensive digital music player to date, a TrekStor i.Beat organix Gold 1GB MP3 player, for $19,999.
Investors bet on Netflix bump
Bullish options activity on Netflix Inc. picked up steam as investors anticipated further share gains ahead of the online DVD-rental company's upcoming fourth-quarter earnings announcement, analysts said Tuesday. Netflix is expected to reveal plans for a movie-downloading service when it announces financial results in late January amid intense competition from larger rival Blockbuster Inc. and from the small but growing online movie-download industry. "The stock has had a 10% correction in the past 10 days. So it could be that investors are buying calls to take advantage of the stock's recent sell-off as well as a shot for earnings," said Jon Najarian, co-founder of Web information site OptionMonster.com. Netflix shares rose 2.4% on Tuesday to $26.84.