As more details of Google Chrome OS came out on Thursday, people already took to Twitter and blogs to voice their complaints with the new OS and shared why they won't be using it when it launches at the end of 2010.
IDG News Service - Just two days after Sony said that its wireless e-reader, the Daily Edition, might not make it to buyers before the end of the year, Barnes & Noble said its Nook e-reader is sold out. The Nook hasn't started shipping yet, but the bookseller now says...
(Credit: Barnes & Noble)If you were interested in buying the Barnes & Noble Nook as a holiday gift, strike it off your list. The e-reader is now officially sold out through 2009, according to the B&N Web site."The hottest holiday gift is out of stock," a message at the top...
BloggingStocks: Take the Nook off your Christmas list. The new e-reader from Barnes & Noble (BKS) has already sold out, and more won't be available until after the holiday has passed. The next batch will be available, at best, by November 4, 2010.
In a statement, ... Read more
Weaker-than-expected results from Dell (DELL) pushed the tech sector lower Friday, which in turn sent the broad market skidding into the red. Disappointing results from builder D.R. Horton (DHI) also weighed on sentiment, adding to worries the real estate market will continue to hamper a recovery in the U.S. economy.[More...]
Barnes & Noble (BKS) reported today that their new eReader product has sold out of the entire supply for delivery before the holidays. This may be a positive sign for Barnes & Noble in the long run as demand appears to be quite strong, but it is clear that production limitations are restricting sales this holiday season. Yesterday, Sony (SNE) pushed back the shipping date for their Daily Edition Reader to between December 18th and January 8th. This puts Sony’s August promise to have the Reader available for[More...]
BloggingStocks: Every day, it's becoming clearer that e-readers will be the hot holiday gifts of 2009. Amazon (AMZN) is obviously in the game with its Kindle, with which it took an early lead in the industry. Barnes & Noble (BKS) has made a play with its new Nook ... Read more
Borders Group, Inc. (Public, NYSE:BGP) shares took a huge hit on Thursday, ending the day down 28% at $5.07 a share. The news of Borders looking at "future strategies", thus selling the company made investors bail like no tomorrow. Shareholders couldn't sell shares fast enough, 26.8 million shares were traded on Thursday, compared the usual volume of 1.44 million BGP shares. So now what? Follow the Masters into the dumpster.
Borders fourth-quarter results that were delayed for one day,reported net income of $64.7 million, or $1.10 a share, compared with a loss of $73.6 million, or $1.22, in the same period last year. Revenue fell 2 percent to $1.35 billion for the quarter ended Feb. 2. Analysts polled by Thomson Financial expected profits of $1.42 per share on sales of $1.37 billion.
Borders has until Jan. 15 to require Pershing Square to pay $125 million for its international business. But the company said it must pursue the sale of those operations elsewhere before any deal with Pershing.
Borders is now considering options including the sale of the company or certain divisions, and that it had lined up $42.5 million in financing to help it keep running through the year.
In this tough economy, Borders is going to have a hard time staying in business when you go online and buy books at Amazon.com (AMZN), eBay.com (EBAY), or stroll into a better bookstore like Barnes & Noble, Inc. (Public, NYSE:BKS).
For those of you thinking you can cash in on Borders dividend and wait for a potential sale, hoping shares may jump - think again. Borders has suspended its quarterly dividend and all that bad news sent shares down 44% at one point.
Borders is a sitting duck now, with the recession in full swing, their shares are going to keep falling. Borders isn't a great bookstore, they're no better than Costco's (COST) table of random books for sale pilled all over the place. There's nothing special about strolling into a Borders, so why would book lovers keep heading to Borders?
They won't.
The Masters expect the powers that be to push Borders shares to a new 52-week low next week. Depending how low they get, there may be a bounce opportunity, but for now, just watch the bonfire of books go up in flames.
By Todd Sullivan from ValuePlays - Anytime the largest shareholder of a company goes on a buying spree like Barnes and Noble's (NYSE:BKS) Leonard Riggio did recently, I have to look closer.
Riggio, who bought 100,000 shares both in August and September, bought an additional $11.3 (approximately 420,000 shares) million dollars worth in October. This bring his total stake in the company to 24%. Much like Sear Holding's (SHLD) Eddie Lampert's buying spree this summer, when people intimately involved in the company cannot seem to buy enough shares, you have to be interested.
If you recall Barnes and Noble in August predicted a more optimistic outlook than was previously thought and about this time Riggio began his buying spree. On has to infer from this that the future for BKS may be even rosier that predicted in August. For those hoping for a Barnes and Noble and Borders (BGP) merger, this news ought to put a damper on those expectations. Were a merger or other collaboration to be announced anytime in the near future, Riggio's purchases was be reduced to simple insider trading ahead of the announcement. That does not mean it will not happen, just that it will not happen anytime soon.
I am going to look closer here over the weekend and get back next week..... I am very intrigued though..
Todd Sullivan, Contributor to theStockMasters.com and ValuePlays Founder
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Borders is a sitting duck now, with the recession in full swing, their shares are going to keep falling. Borders isn't a great bookstore, they're no better than Costco's (COST) table of random books for sale pilled all over the place. There's nothing special about strolling into a Borders, so why would book lovers keep heading to Borders?
f you recall Barnes and Noble in August predicted a more optimistic outlook than was previously thought and about this time Riggio began his buying spree. On has to infer from this that the future for BKS may be even rosier that predicted in August. For those hoping for a Barnes and Noble and Borders (BGP) merger, this news ought to put a damper on those expectations. Were a merger or other collaboration to be announced anytime in the near future, Riggio's purchases was be reduced to simple insider trading ahead of the announcement. That does not mean it will not happen, just that it will not happen anytime soon.
