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Nook hardware: down and perhaps soon out. While Barnes & Noble (BKS +8.4%) jumps thanks to...

Nook hardware: down and perhaps soon out. While Barnes & Noble (BKS +8.4%) jumps thanks to chairman Leonard Riggio's retail buyout offer, the NYT reports B&N's poor holiday season sales have led execs to believe "the company must move away" from hardware development in favor of content licensing. "They are not completely getting out of the hardware business, but they are going to lean a lot more on the comprehensive digital catalog of content," says a source. Amazon (AMZN +0.1%), which has been taking e-reader share from B&N, stands to benefit.
Comments (1)
  • I thought msft was the savior. For the nook????
    25 Feb 2013, 10:11 PM Reply Like
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