Amazon Drops Kindle Price By $40 By Rafat Ali - Tue 27 May 2008 04:06 PM PST Besides the Jeff Bezos sighting at D6 this evening, some more news from Amazon (NSDQ: AMZN), a slightly surprising one considering the sellout status of Kindle: the company is dropping the price of its electronic book reader by $40 and now is selling at $359. The $399 Kindle launched last November and sold out in hours...and Amazon solved the supply issues and it went back on sale in April. Now the company says its