Tuesday, June 29, 2010
Barnes & Noble Pushes Nook, Loses a Wad
Link to June 29 San Jose Mercury News article, "Barnes & Noble loss widens on e-book push".
Excerpt: Barnes & Noble's fiscal fourth-quarter loss widened as it invested in electronic book technology, the bookseller said Monday.
The New York company also forecast first-quarter and full-year earnings below expectations as it plots aggressive moves into the small but fast-growing e-book market.
The loss for the three months ended May totaled $32 million, or 58 cents a share. That compares with a loss of $2.7 million, or 5 cents a share, last year.
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