Hot Tech Buzz: Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX)

Lakeway, NY -- (SBWIRE) -- 02/20/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Amazon.com, Inc. (NASDAQ:AMZN) adds OpsWorks application life cycle management to ASW cloud saying OpsWorks handles rollback, patch management, auto scaling and auto healing and that it enables users configure and manage their applications more easily without resorting to custom tools.

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The service free to users of EC2 and other AWS services takes on some of the tasks traditionally done using Scalr, Rundeck or Opscode Chef or Puppet.

“Customers have struggled since the birth of AWS to come up with a reasonable way of organizing their resources. Everyone does it differently,” said Dan Belcher, co-founder of Stackdriver.

“Because the taxonomy of OpsWorks is available by API customers can create dashboards and policies to manage their resources. Because of that API, we literally woke up this morning and supported OpsWorks,” he added.

Helping to create a stack, defining the layers of stack, assigning instances to layers and defining and deploying apps is what OpsWorks can do according to Amazon.

Shares of Netflix, Inc. (NASDAQ:NFLX) fell by $4.05 or 2.06% to $192.40 in the afternoon session following a lawsuit filed by a shareholder against the film-streaming and mail-order DVD service company accusing them of intentionally misrepresenting subscriber growth.

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The complaint filed says that On July 3 Netflix Chief Executive Officer Reed Hastings posted on the company’s public Facebook page that Netflix “monthly viewing exceeded 1 billion hours for the first time ever in June,” following which the share price on July 5 rose to $72.04 to close at $81.72 a share, a 13.4% increase.

Hastings’s Facebook statement “led the market to believe that Netflix was on target to achieve the 7 million net additions in domestic subscribers” for 2012 that Hastings had predicted earlier, according to the complaint.

The complaint says that Hastings and Chief Financial Officer David Wells “intentionally misrepresented the impact of the 1 billion hours of viewing on subscriber growth.”

The case is Schulthes v. Netflix Inc., 13-00712, U.S. District Court, Northern District of California (San Jose)

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