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Fiat 500 Abarth Essesse – Click above for high-res image gallery

We’ve been hearing about the supposed introduction of the Fiat 500 to American shores for so long that the car may grow stale before the first one touches soil on our side of the Atlantic. Chrysler and its parent company, Fiat, seem to have grown keen to that very possibility, so to stir the pot somewhat, the two have gotten together and released a few scant details about a performance version that’s also headed our direction.

As we’ve already heard, the 500 Abarth will pack around 134 horsepower from a turbocharged 1.4-liter four-cylinder engine with a 0-60 run of around 7.6 seconds. If you’re thinking that those numbers aren’t exactly devilish, fear not – the Abarth-tuned cars will also pack reworked suspensions to help them carve up tarmac like a turkey dinner.

That’s cool and all, but the biggest news is that Fiat is actually mulling an Abarth Speedster – a unique new model that is rumored to borrow heavily from the 1959 Zagato Abarth 750. Expect a shorter roofline as well as a folding soft top if the car comes to fruition. No one knows exactly which engine Fiat would snug down into the little topless wonder, but rumor has it that a 163-horsepower version of the same 1.4-liter four-pot is a definite possibility. Sounds good to us.

[Source: Inside Line]

Report: Fiat 500 Abarth Speedster in the works originally appeared on Autoblog on Mon, 19 Jul 2010 17:58:00 EST. Please see our terms for use of feeds.

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iBooks just received an update that adds dictionary look-up of words as well as quick, closer views of in-line images, and updated PDF controls for quicker browsing. Generally, it adds a number of features missing both from iBooks and the iPad Kindle app.

Generally, I like the new features. I really missed the standalone Kindle’s in-built dictionary and being able to view images in full size – as well as embedded audio and video in some books – is a big improvement. The update is free and available now.



We just posted our first thoughts on Blekko, a new search engine preparing to launch to the public. We’ve also taken a screencast of the search experience on the site and have a short video interview with cofounders Rich Skrenta and Mike Markson.

Blekko Screencast:

Founder Interview:



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Call it a feeling of shear uncertainty, nervousness if you will… or better yet anticipation. That is exactly what the German round of MotoGP racing provided for fans around the globe. Not only was the Sachsenring round the mid-marker of this season’s racing schedule, but more importantly it would give life back to the shake-up that can only be described as “The Rossi Factor.” A turn-nine crash by Randy de Puniet, which would take out two other riders culminating in his motorcycle bursting into flames, didn’t hurt the action either.

Just as the rest of the field were settling into their respective places in the championship fight, and only six weeks after the brutal high-side that would leave a bone poking through his skin, Valentino Rossi – who had to hobble out to his bike using crutches – returned to racing with the goal of salvaging valuable championship points and proving that no one should relax just yet. As racing reached blastoff – and after the Puniet crash and re-start of the abbreviated 21-lap race – Jorge Lorenzo was able to fall into a familiar position at the front of the pack, but Repsol Honda pilot and runner-up in overall points Dani Pedrosa was not about to let Lorenzo run away with the German round.

After swapping positions several times, Pedrosa finally took firm control of the lead and proceeded to set a blistering pace around the Sachsenring circuit, setting a track record only to best that time two laps later on his way to a 3.5-second margin of victory. Lorenzo admitted to happily playing it safe on his way to second place, collecting valuable championship points, when he said, “Dani was very, very strong and I was at the limit trying to stay ahead.”

Stoner, Rossi and Dovizioso competed the top five in just that order, with Rossi almost edging his way on to the podium as he and Stoner had a wonderful battle that would last right up to the final turn. Hit the jump for the full top ten results, including that of Spies and Hayden. To put it mildly, we can’t wait to see what develops as the action comes Stateside. See you at Laguna!

[Source:Motogp.com | Image: JOHANNES EISELE/AFP/Getty Images]

Continue reading MotoGP 2010 Sachsenring: Shake-up, crack-up and the return of The Doctor [Spoilers]

MotoGP 2010 Sachsenring: Shake-up, crack-up and the return of The Doctor [Spoilers] originally appeared on Autoblog on Mon, 19 Jul 2010 17:40:00 EST. Please see our terms for use of feeds.

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If you’ll be so kind as to open up your Software Update, Mac users, you’ll find that iTunes 9.2.1 has been released, improving and speeding up sync support for iPhone 4, iBooks, and so on. Bugs are fixed as well, though I haven’t run into any of these bugs because I started using Songbird right after I wrote this post.



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Bernie Ecclestone has never been one to shy away from speaking his mind. The latest big idea from F1’s commercial chief? Appointing an independent body to formulate the regulations that govern Formula One.

Currently, the FIA makes the rules with considerable input from the constructors through the Formula One Teams Association. However Ecclestone believes these actors are too close to the sport to make objective decisions on the regulations they have to live by. The rules have been changing too frequently, says Bernie, and an independent rule-maker would be the best way to rectify the situation and return a degree of stability to the sport.

Another influential Brit in the sport’s spotlight has a different idea. Former world champion Nigel Mansell believes F1 should switch to a spec racing series, switching from constructor-teams to a single spec chassis like those used in just about every other open-wheel racing series (like GP2, A1GP and IndyCar). Mansell’s idea, being far more drastic, is less likely to transpire. Think there’s any validity to either proposal? Share your thoughts in the ‘Comments’ section below.

[Source: pitpass | Images: Goh Chai Hin/AFP/Getty, Rick Dole/Getty]

Ecclestone wants independent F1 rule-maker, Mansell a spec chassis originally appeared on Autoblog on Mon, 19 Jul 2010 17:20:00 EST. Please see our terms for use of feeds.

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It takes a crazier than average entrepreneur to go after the search market. There’s an entrenched player, Google, with 65% market share. Google is so powerful the second player, Yahoo, just bailed out of the market. And third place Microsoft is throwing billions of dollars around just to get in the game.

We’ve seen Wikia, Cuil and other well backed startups try and fail at search. Now Blekko is preparing to launch. Will they find success where everyone else has failed?

They’ve been working on Blekko for 2.5 years now – we first covered them in January 2008. Cofounder and CEO Rich Skrenta had just left his previous company, Topix. Blekko has raised three rounds of financing since then, totaling $20 million, from some of the most respected angel and venture investors in Silicon Valley.

Blekko remain in private alpha, although I’ve had the chance to test the engine over the last few days. They will shortly begin letting a few beta testers onto the site, and a full launch will happen later this summer.

What Makes Blekko Different?

Blekko is a full web search engine, with regular crawls of billions of web pages. But they know that they can’t beat Google at size of index, relevancy and speed right out of the gate. So they’re differentiating themselves in another way – by giving users tools to do new types of searches that they can’t do elsewhere. And by providing an unprecedented level of access to the algorithms and data that Blekko uses to determine relevancy.

That doesn’t mean Blekko’s relevancy isn’t great. The company says they’re on par with Google and Bing for most queries. But the differentiating feature are the query refinement tools they call Slashtags. These tools, like /news or /date or /amazon or /blogs, or any combination, make it very simple to quickly filter results to what you are looking for.

Users can create their own slashtags based on a group of URLs. I’ve created one that lists all TechCrunch sites to do easy site search. Others have created slashtags for conservative or liberal blogs, top tech sites, etc. If they make those slashtags public, others can use them, too.

The company also lets users search via a variety of APIs. Add /amazon to search on Amazon. Or /twitter to search via the Twitter API. Or just type /whatever.com to search just that domain.

Blekko Is Instantly Likeable

Anyone who’s used to advanced search tools on Google will instantly like Blekko. It’s much quicker than using things like “site:” modifiers on Google, and some of the searches you can do on Blekko you just can’t do on Google at all.

Will less advanced users like Blekko, too? The founders think they will. And since Blekko works just like the search engines they’re used to as well, they think people will quickly get comfortable creating and using slashtags.

Transparency

Blekko is also showing just about all the behind the scenes data that they have to determine rank and relevancy. You can see inbound links, duplicated content and associated metadata for any domain in their index.

Interview with the founders and a screencast of more features coming up in our next post.



This just in from Tokyo: Honda plans to roll out a plug-in hybrid and a full EV within three years.

Honda honcho Takanobu Ito is expected to announce the company’s plans during a press conference Tuesday, Japan’s business daily Nikkei reports, according to Reuters. There are no details beyond Honda’s claim the plug-in will go 60 kilometers on a liter of gas, which is 141 mpg by our math. (Please let us know if we’ve screwed that up.)

The announcement shows Honda is hell-bent on going toe-to-toe with Toyota in the hybrid, plug-in and battery electric arena.

Honda’s released the Insight and CR-Z hybrids to compete against Toyota’s gas-electric lineup, and any plug-in it might be working on is almost surely a response to the plug-in Prius we’ll see in 2012. Ito has made it a mission to bring down the cost of hybrids, and the Honda Fit hybrid we keep hearing about could be the cheapest hybrid yet.

The electric is more interesting because Honda has so far bet the farm on hydrogen. Yes, Honda’s got experience with EVs — the EV Plus (pictured) was the first from a major manufacturer that didn’t use lead-acid batteries — and hydrogen fuel cell vehicles are electric. But Honda’s kept quiet about any battery electrics it might be working on.

Although the EV surely has been in development for awhile, you have to wonder if Tuesday’s announcement is a response to Toyota’s announcement on Friday that it is working with Tesla to bring back the RAV4 EV

Cutaway diagram of the 1997 EV Plus: Honda




It’s summer here in the Northern hemisphere, and that means the solar-based industry in the US is in top experimental gear. A few more months and they’ll hibernating or relocating to their Australian headquarters, but in the meantime, we’re getting a lot of solar-related news. It wasn’t long ago that the Solar Impulse proved it could stay in the air for 24 hours (26, in fact), and now we’re hearing that Qinetiq’s much-smaller craft, the Zephyr, will be going for a world-record 14 days. Of course, it already holds the world record, since it’s been in the air a good week or so already. It’s kind of like when you set the high score but the points are still rolling in.

Unlike the Solar Impulse, the Zephyr is intended to be a long-flight, low-payload craft, meaning you won’t be strapping yourself into one any time soon. At 50kg/110lb gross weight, the Zephyr is about as light as a functioning solar craft of that size can be; its construction is carbon fiber and the paper-thin solar cells are connected to a handful of Li-S batteries.

Continue reading…




It’s summer here in the Northern hemisphere, and that means the solar-based industry in the US is in top experimental gear (to clarify: the company in question is British but the test flight is in the Arizona Desert). A few more months and they’ll hibernating or relocating to their Australian headquarters, but in the meantime, we’re getting a lot of solar-related news. It wasn’t long ago that the Solar Impulse proved it could stay in the air for 24 hours (26, in fact), and now we’re hearing that Qinetiq’s much-smaller craft, the Zephyr, will be going for a world-record 14 days. Of course, it already holds the world record, since it’s been in the air a good week or so already. It’s kind of like when you set the high score but the points are still rolling in.

Unlike the Solar Impulse, the Zephyr is intended to be a long-flight, low-payload craft, meaning you won’t be strapping yourself into one any time soon. At 50kg/110lb gross weight, the Zephyr is about as light as a functioning solar craft of that size can be; its construction is carbon fiber and the paper-thin solar cells are connected to a handful of Li-S batteries. Despite its growth in the latest version, the Zephyr still is essentially just a frame with a control module attached to operate the rudders, prop speed, and so on.

The goal of these things, other than to advance the state of the art, is ultimately military. While no ultralight solar craft will ever be able to create any serious destruction, the “eye in the sky” is becoming an increasingly valuable tactical asset, this type of design could easily carry a lightweight camera array or a few units to improve units’ communications. The military and green interests don’t often align, but reducing fuel usage will simplify the supply chain and decrease costs in a big way. Ultra-lightweight construction and efficient solar architecture are also, of course, extremely marketable and essential to other green technology.

The craft was launched some time ago and is still aloft; if all goes well, it’ll fly around above Yuma for another couple days, or, if the weather is fine, even longer. We’ll update once it sets down and the record is official.

[via Treehugger]



It’s Monday afternoon and you know what that means. It’s time to submit your questions for this week’s podcast. We’ve got a list of topics to discuss below, starting with a supercar question to get our resident curmudgeon warmed up. Got a question for our intrepid team of podcasters? Now’s the time to ask away. Don’t forget to vote on which questions deserve our attention the most, though we’ll try to get to as many as we can. Discussion topics for Autoblog Podcast #187, which we’ll record tonight, can be found below. Finally, subscribe to the Autoblog Podcast in iTunes if you haven’t already to hear your question answered.

Discussion Topics for Autoblog Podcast Episode #187

Subscribe to the Autoblog Podacast and hear your questions asked:
[iTunes] Subscribe to the Autoblog Podcast in iTunes
[RSS] Add the Autoblog Podcast feed to your RSS aggregator

Submit your questions for Autoblog Podcast #187 originally appeared on Autoblog on Mon, 19 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

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Thanks to someone with a creative mind you can show the world that you definitely bow down to the guitar gods of the world.  These black and white guitars will make your room glow only showing the attractive silhouette of an electric guitar.  Should you really prefer to see your own guitar glowing on the wall, that’s also entirely possible through the same seller.

One is a stand that dangles from the wall and will hold your guitar very securely.  Behind that stand is a light that will glow on your wall.  The silhouettes work in the same way, they just have a guitar shape instead of doubling as a guitar stand.  The guitar stand could be an interesting way to store your guitars without them cluttering up anymore floor space.  The stand can be purchased for $59 and the silhouette  for $99 through PB Teen.

Source: HolyCool


Check out the Coolest Gadgets 2008 Gift Guides, Christmas shopping made easy.
[ Guitar Wall Light copyright by Coolest Gadgets ]


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Real time search engine OneRiot is now tapping into Google Buzz. So now, content shared on Buzz will now be indexed in realtime search results available through OneRiot’s API and the the third party developers who build apps on top of the search engine’s API.

Realtime search results will now be incorporating what is being shared most by Buzz users. This also means that the 150 partners that use OneRiot’s search API will also now see content shared by Buzz users. And OneRiot will be incorporating Google Buzz into its Trending Topics Engine, which finds hot topics by analyzing the realtime conversations across Twitter, Facebook, MySpace, and Digg.

OneRiot says that the integration of Buzz with its realtime products was fairly easy because Google is using the Activity Streams standard, which is the same standard used by MySpace, another OneRiot partner.

The search startup has also ventured into the advertising world with RiotWise, an ad format which places content in an emphasized position in their realtime feed. The search engine also launched a pilot program of RiotWise Trending Ads, a stream of ads that correspond to trending topics as they emerge across the social web, that has since been integrated into the search engine’s API. And the startup recently launched self-refreshing realtime trending ads and a self-service version of RiotWise. Today, OneRiot says that its “RiotWise” ad network now serves close to one billion impressions per month.

Google has also opened up the Buzz firehose to realtime search engine Collecta, Gnip, and a few others.



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According to Autocar, an admission by a Mercedes-Benz engineer proves that the company is working on a nine-speed automatic transmission. That isn’t exactly new, since talk of such a beast has been broached before. The difference this time is that Autocar’s sources says the gearbox will be “introduced on large-capacity engines.”

With no numbers for context we can’t be sure what’s meant by “large-capacity.” However, Motor Trend reported that the baby SLS would get a nine-speed double-clutch transmission for it’s twin-turbo-V6-hybrid engine, and Automobile said that all of the next generation S-Classes, arriving in 2012, would “have hybrid powertrains and a new nine-speed automatic transmission.”

We don’t expect any of those engines to be of particularly large displacement, especially now that the SSK AMG appears to have gone from a twin-turbo V8 to a V6 twin turbo with electric assistance. Still, we have no doubt we’ll see a nine-speed transmission somewhere. And when the Mercedes engineers opine that “nine ratios is the maximum that is technically possible, as well as being the most that customers will be able to cope with,” we believe they’re wrong. A company is really going to leave double-digit transmission bragging rights on the table? Uh, no. Can I get a ten-speed… anyone…?

[Source: Autocar]

It Will Never End: Mercedes-Benz reportedly working on nine-speed automatic originally appeared on Autoblog on Mon, 19 Jul 2010 16:31:00 EST. Please see our terms for use of feeds.

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Palmpad, eh? That sounds nice and could signal a sort-of departure from the normal slate business model. HP might be prepping more than one tablet product line. Perhaps the Windows 7 Slate project isn’t dead after all.

We all know the story. HP bought Palm for a billion dollars, partly for the webOS mobile phone platform. Said operating system will soon be found in other HP devices, including printers and tablet computers. However, HP is unlikely to rest its tablet’s future on someone else’s defunct brand name. There will be more than one tablet model from HP right from the beginning.




Palmpad, eh? That sounds nice and could signal a sort-of departure from the normal slate business model. HP might be prepping more than one tablet product line. Perhaps the Windows 7 Slate project isn’t dead after all.

We all know the story. HP bought Palm for a billion dollars, partly for the webOS mobile phone platform. Said operating system will soon be found in other HP devices, including printers and tablet computers. However, HP is unlikely to rest its tablet’s future on someone else’s defunct brand name. There will be more than one tablet model from HP right from the beginning.

HP is the king of multi-model product lines. HP has too many notebooks to count between the HP and Compaq brands, and there are even more when their business line-up is considered. The price points between them are often as little as $20, which allows HP to have a notebook for nearly everyone.

There’s no reason to expect anything different from HP’s tablet offering and the Palmpad trademark — if it’s ever used — clearly indicates that. Perhaps the plan all along was to keep the Palm name intact (as with Compaq) and produce webOS devices under that brand. This would allow HP to test the water in the Windows 7’s pool with an HP-branded model instead of relying solely on a Palm-branded tablet.

Palm really hasn’t had a good last five years. Their last hit was the the Palm Treo line, but they held onto Palm OS and WinMo to long. WebOS should be considered a hit, as it’s a phenomenal user experience, but the Pre’s and Pixi’s underwhelming hardware and slow launch ultimately put the last nail in Palm’s coffin.

Consumers know this, too. Palm was the BlackBerry of the late 90’s with a cult-like following and the best mobile experience. But then they slowly died away from the public’s view. However, most consumers know the name and that’s a good thing. As long as HP (and the remaining Palm employees) can show the world they still have the stuff again, the Palmpad might make the run as the real iPad-killer.

Back to the tablets, though.

Spec-wise, they would probably be similar, with the Win7 slate likely getting a slightly more powerful CPU and GPU to meet the demands of the desktop OS. The main difference is really the target market. The Palmpad will no doubt get a lot of social media-ish marketing and flashy TV spots like its direct competitor, the iPad. But the Windows 7 HP Slate — that is if there is one — might be able to get by with just retailer marketing from Best Buy, Office Max and others. After all, the consumer market is only part of its target demographic.

Like it or not, the world runs on Windows and HP makes big money on the small business and enterprise market. A Windows-based tablet could be used in everything from the medical field, to inventory management/logistics, to even the government. Yes, similar apps could be developed for webOS as well, but businesses do not like change and already have the expensive licenses for their existing software. A Windows 7 tablet wouldn’t rock the boat too much, and for some, that’s a good thing.

I’ve said it a dozen times that Windows is horrible on a small-ish touchscreen, but that doesn’t mean HP won’t push forward and sell one anyway simply because the tablet platform is already developed and it could turn out to be a legitimate market.

Then there’s the other possibility that HP will also have a line of self-branded webOS tablets in the beginning competing for the same market as the Palmpad. After all for the first time in HP’s history, they own an operating system and they might want to put their billion dollars to work right away by saturating the tablet market in HP’s traditional fashion. Hopefully we’ll find out by the end of 2010.



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In February, the specs on Ford’s 6.7-liter Power Stroke turbo-diesel V8 were announced: 390 horsepower and 735 pound-feet of torque. A month later, General Motors laid out the specs on its 6.6-liter Duramax turbo-diesel: 397 hp and 765 lb-ft. According to PickupTrucks.com, the Duramax could be shoved to the corner again later this year, when a high-output Super Duty blows out the footlights with 400 hp and 800 – or more – lb-ft of twisting gumption.

According to the unknown source within the Blue Oval, Ford’s new 6R140 TorqShift six-speed transmission has strong enough guts that Ford can open up the taps on that engine a bit. And give GM something to think about. If this absurdly powerful dream does come true, the behemoth motor will be seen in the second wave of 2011 Super Duty pickups that begin production in a few months. No word on whether early adopters of the 6.7-liter will get a free upgrade.

[Source: PickupTrucks.com]

Report: Ford 6.7-liter Power Stroke diesel to churn out 800 lb-ft of torque originally appeared on Autoblog on Mon, 19 Jul 2010 16:01:00 EST. Please see our terms for use of feeds.

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Lamborghini LM002 – Click above for high-res image gallery

Hold on to your butts, Lamborghini fans. Word from Car and Driver’s German correspondent is that the bullish Italian automaker is strongly considering re-entering the hardcore SUV segment. Considering that the brand’s last effort into such uncharted territory brought us the Hummer-esque LM002, you can officially color us intrigued.

If the machine does make it past the planning stages, it will reportedly be based on the platform shared by the Volkswagen Touareg and Porsche Cayenne, but we imagine it would get a powertrain more suitable for Lamborghini use – we can only hope that means a V12, as was the case with the LM002.

Another market Lamborghini is said to be considering is the entry-level V8 supercar segment. If a production model does indeed come about, it would slot below the V10-powered Gallardo. As with the aforementioned SUV, this would not be the first time Lambo has dipped a toe in these waters, as its Urraco, Silhouette and Jalpa played in the exact same market in the 1970s and 1980s before the Italian manufacturer pulled out in favor of traditional range-topping supercars like the Diablo and Murcielago.

Sadly, rumor has it that Lamborghini will not pursue the Estoque concept, leaving the Maserati Quattroporte as the only Italian to do battle with the likes of the Porsche Panamera and Aston Martin Rapide. Still, the company must at least be considering the Estoque since it went ahead and produced a concept to gauge reaction. So, which of these new Lamborghini rumors would you most like to see fulfilled? Take part in our totally unscientific poll after the break.

[Source: Car and Driver]

Continue reading Rumormill: Lamborghini developing Touareg-based SUV, V8 Gallardo [w/poll]

Rumormill: Lamborghini developing Touareg-based SUV, V8 Gallardo [w/poll] originally appeared on Autoblog on Mon, 19 Jul 2010 15:30:00 EST. Please see our terms for use of feeds.

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Amazon’s Kindle eReader has long been a great device. Unfortunately, for much of its life, it has been far too expensive. And now with Apple’s iPad out there, it seems a bit too, well, monochrome. But Amazon did a smart thing recently, they slashed the price of the device, down to $189. As a result, growth is accelerating once again, Amazon says.

In fact, in each month this quarter, the Kindle saw an upswing in sales. “We’ve reached a tipping point with the new price of Kindle—the growth rate of Kindle device unit sales has tripled since we lowered the price from $259 to $189,” Amazon founder Jeff Bezos says.

Perhaps even more interesting is that books sold on the Kindle are now outpacing the hardcover books Amazon sells. In the past three months, for every 100 hardcover books sold, Amazon.com has sold 143 Kindle books, they say. And that gap is getting wider. In the past month, for every 100 hardcover books sold, there have been 180 Kindle books sold through Amazon. This is across Amazon’s entire U.S. book business and even includes hardcovers that have no Kindle version. Plus, free Kindle books are not included, or the numbers would be even higher.

Amazon also says that it sold three times as many Kindle books in the first half of 2010 as it did in the first half of 2009. The store now has over 630,000 books available for the Kindle. And over 510,000 of those are $9.99 or less — one clear advantage over Apple’s iBookstore, which is more expensive. Plus, Amazon has access to over 1.8 million free, out-of-copyright, pre-1923 books for the device.

Also interesting is that there have been five authors now that have sold over 500,000 Kindle version of their books: Charlaine Harris, Stieg Larsson, Stephenie Meyer, James Patterson, and Nora Roberts.

Earlier this month, Amazon also announced that an updated version its larger DX model with a better screen and a black frame.

All that said, Amazon is going to have a tough battle competing in hardware with the likes of Apple going forward. The Kindle, while great for reading, still offers only a fraction of what the iPad can do (and even Amazon highlights this). And I suspect another Kindle price cut down to $99 may be coming sometime in the next year. If Apple stays at $499 for the iPad, that should be enough to differentiate itself for a while. Amazon is also smart to offer its Kindle software on devices like the iPad, iPhone, and Android phones. This ensure that Amazon’s future in the book business will remain intact whether or not they’re the ones in charge of the hardware.

Also, why is Amazon issuing press releases about these numbers? They’ve famously shied away from saying much about the Kindle sales in the past. Of course, they weren’t the subject of a weekly “iPad is killing Kindle” story in the past.



IBM reported steady second quarter earnings today, with net income rising 9 percent compared to the second quarter of 2009, to $3.4 billion. Big Blue’s diluted earnings increased 13 percent to $2.61 per share compared with diluted earnings of $2.32 per share in the second quarter of 2009, beating the street estimate of $2.58 per share.

Total revenues for quarter came in at $23.7 billion, a 2 percent increase from the second quarter of 2009, but falling below analyst expectations of $24.2 billion The impact of changes in currency rates since IBM’s first-quarter earnings report in April reduced revenue by approximately $500 million in the second quarter.

Revenues from the Software segment were $5.3 billion, an increase of 2 percent. Revenues from IBM’s middleware products, which include WebSphere, Information Management, Tivoli, Lotus and Rational, were $3.3 billion, an increase of 9 percent versus the second quarter of 2009. Operating systems revenues of $544 million increased 3 percent compared with the prior-year quarter.

Revenues from Big Blue’s Business Analytics operations increased 14 percent, with revenues from the Systems and Technology segment totaling $4.0 billion for the quarter, up 3 percent. IBM ended the quarter with $12.2 billion of cash on hand. IBM finished Q1 of 2010 with $14 billion, but the company may have spent some of its cash over the past few months with its shopping spree.

This year alone, Big Blue has acquired Big Fix, Coremetrics, Sterling Commerce, Cast Iron Systems, Initiate and Intelliden.