Amazon May Miss Q4 Estimates, Despite Selling More Than One Million Kindles a Week

But maybe that is the problem. Amazon’s top-selling item this holiday season likely has a profit margin close to $0.
Jeff Bezos announces Kindle Fire

Autodesk Shares Jump as UBS Upgrades to Neutral

Autodesk shares are trading higher this morning after UBS analyst Heather Bellini upped her rating on the design software company to Neutral from Sell, increasing her price target to $16 from $8. Bellini said the company analyst meeting on Thursday could prove to be a catalyst for the stock. “We expect management to highlight that while sales have yet to stabilize they are declining at a decelerating rate.”

Software: UBS Downgrades Adobe, Intuit, Siebel, Symantec

Citing concerns about the softening macro economy and ongoing market volatility, UBS software analyst Heather Bellini cautioned this morning that estimates for the sector “need to come down materially” for the second half and for 2009.