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Amazon.com, Inc. (NASDAQ:AMZN) Planning To Open New Office In Tel Aviv

Boston, MA 10/16/2013 (wallstreetpr) – Amazon.com, Inc. (NASDAQ:AMZN), the online retail giant plans to open a new office in Tel Aviv. This news was confirmed by the Chief Technology Officer of the company, Mr. Werner Vogels.  According to the CTO, the company is looking forward to open a new office in Tel Aviv to give a boost to its cloud computing offering named Amazon Web Services (AWS).

Amazon is expecting to start operating from its Tel Aviv office from the beginning of the year 2014 and help several new firms in the internet business and also the well know existing firms who pick the cloud computing services offered by the company. Mr. Vogels also said that Amazon Web Services will offer 30 different services ranging from storage to remote computing. In the cloud computing market, remote computing is considered as the market leader and these new services offered by the Internet giant will bring new colors to the computing market. Further, Mr. Vogels added that the company is going to reduce the costs of the offered services 37 times from what it was in its launch year, 2006.

Amazon has no fear that reducing costs will affect negatively to the company as it strongly believes that the one who acquires most of the market is not a winner and there should be space for all the new comers in the market with their diverse products.

About Amazon.com, Inc. (NASDAQ:AMZN)

Incorporated in 1996, Amazon has a big name in the Internet world. The company serves a wide range of consumers through its retail stores and online websites all across the globe with a major focus on price and convenience of the customers. One of the chief candidates of the company is Kindle devices. Amazon offers several programs that enable the sellers to sell their products on Amazon’s online websites as well as their own. With its diverse operations, the company also allows authors, film makers, musicians, app developers and many others to publish and sell their content on its websites.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email ([email protected]) or his Google+ page (https://plus.google.com/103338576216002376250).

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