Amazon is reportedly buying Touchco, a start-up focused on touch screen technology, in a move that may signal a multi-touch Kindle in the future.
According to the New York Times, Amazon is acquiring Touchco, a New York-based company with a handful of employees and technology that was never commercialized.
Touchco was a project at New York University's Media Research Lab. Terms of the deal weren't available, but it doesn't appear to be material enough to warrant much disclosure.
What does this deal mean?
For starters, the Kindle is likely to use this technology for a touch screen at some point. Amazon appears to be buying technology that could put the Kindle on similar footing with Apple's iPad.
Touchco also has color screen technology with touch capabilities throughout. Amazon's move is likely to be just the beginning. Expect a Kindle price cut shortly and then new models later this year.
Simply put, there's a netbook/e-reader arms race underway. This should be fun.
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