Chillin' out till it needs to be funded
After all, Amazon will have to do a lot of value buying to keep the spirit of competition with the iPad!
Amazon has acquired New York-based startup Touchco, according to Nick Bilton at the New York Times.
Touchco specializes in touch-screen technologies. It has a six person staff and has not produced a commercial product yet. The Touchco team will be sent to California where Amazon’s Kindle team operates, says Nick. E-Ink technology wouldn’t allow for touchscreens, so this indicates Amazon is thinking about producing a Kindle with a full color screen to rival the iPad. (BUSINESS INSIDER)