The following is an excerpt from David Zielenziger | September 9, 2012 | ibtimes.com |
Chances are there are few personalities as creative, disruptive and rich in the technology sector as Jeff Bezos, the founding CEO of Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer.
Not only has the 48-year-old native New Mexican with an electrical engineering degree from Princeton humbled the entire bookselling industry, he’s instilled fear among the national sellers of electronics like Best Buy Inc. (NYSE: BBY), helped put Circuit City out of business and now challenges general retailers like Macy’s Inc. (NYSE: M) by selling clothes and home furnishings.
To support the operations of his Seattle-based enterprise, Bezos has constructed a global network of server farms and offers cloud services to medium-sized enterprises that don’t want to hire International Business Machines Corp. (NYSE: IBM) and Hewlett-Packard Co. (NYSE: HPQ).
Revenue from Amazon Web Services is rising 63 percent annually. In the first six months of 2012, that sector alone brought in $974 million, or 4 percent of overall revenue.
Not satisfied with hammering mom-and-pop bookstores and putting Borders Books out of business, Bezos devised the e-book, the Kindle, in 2007, which prompted rival Barnes & Noble (NYSE: BKS) to devise the Nook, whose next-generation product will be partly financed by Microsoft (Nasdaq: MSFT), the world’s biggest software company.
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