It's not a V bottom, it's not a U bottom, it's a Nike swoosh recovery - Greg McLenon, Hotovec Pomeranz
ONLINE RETAILER Amazon is expected to reveal its first tablet at a press conference this Wednesday.
It seems highly likely that this event will be where Amazon announces its tablet to take on Apple's Ipad, and the rest. The event will take place in New York but the company hasn't released any further details, according to Reuters.
Colin Gillis, a BGC partners analyst said, "Wednesday is tablet day."
"Knowing Amazon, it is likely to be a very aggressive price," he added.
It would certainly make sense timing-wise, with plenty of time for Amazon to get word out and start selling the tablet in time for Christmas.
Amazon could prove a threat in the tablet market, following on from the success of its Kindle e-reader and the fact it provides movie, music and book services.
The device, which possibly will also be called the Kindle, is expected to run Google's Android operating system and have a 7in touchscreen. It is expected to be priced at around $250. µ