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
.

No comments:

Post a Comment