Amazon’s Wireless E-reader Creates a Stir

Not suprisingly Jeff Bezos, the founder and chief executive of Amazon says that the Kindle is selling really well - they recently dropped the price by $50 to $359.

But some booksellers are concerned - according to the New York Times nearly all publishers who attended BookExpo America say their sales of electronic books are growing exponentially. Carolyn K. Reidy, the chief executive of Simon & Schuster, said its sales of electronic books will more than double this year compared to last year, after growing 40 percent in 2007 from 2006. David Shanks, the chief executive of Penguin Group USA, said his company sold more electronic books in the first four months of 2008 than in all of last year.