Barnes & Noble clarifies Nook hardware isn't dead: more, lower cost e-readers are coming

Barnes & Noble posted its latest quarterly earnings statement today, and the results were even worse than expected, with the company posting an $87 million cumulative loss compared to a $40 million loss a year ago. But the bigger news came in the form of the bookstore chain's future business moves: the company's chairman, Leonard Riggio, said he was "suspending" his bid to buy the company's physical retail stores and separate them from its Nook Media digital devices and content. And the company sought to clarify a June announcement that it was giving up on making its own Nook tablets, saying it had been widely "misinterpreted."


Continue reading…



Continue reading...