Amazon.com Drops Kindle Price, The E-Reader Wars

Amazon.com AMZN has already dropped the price of its basic Kindle e-reader by $70 to $189. The moved followed a price cut of Barnes & Noble’s BKS Nook from $199 to $149 and a similar price cut of the most expensive version of the Nook. Both the Nook and Kindle face competition from Sony’s SNE e-reader and the Apple Inc. AAPL iPad, which is marketed in part as an electronic reading device. Amazon.com also lowered the price of its most expensive Kindle–the DX. To read the rest, head over to 247WallStreet.com