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Barnes & Noble Inc (BKS)

  • Nov. 10, 2011, 2:14 PM
    Barnes & Noble (BKS +7.6%) is rallying hard for the second straight day; shares are now up nearly 30% since the company unveiled its Nook Tablet on Tuesday. Short-covering is likely a factor (46.7% of float shorted as of Oct. 14), though it doesn't hurt that the Nook Tablet's impressive specs have calmed fears B&N would have no answer to Amazon's (AMZN) Kindle Fire. (earlier)
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  • Nov. 10, 2011, 2:02 PM
    Some e-reader facts from a giant infographic made by RetailMeNot: the % of U.S. adults with an e-reader doubled to 28M between Nov. '10 and May '11; e-book sales accounted for 8.3% of book sales in 2010; Amazon (AMZN) sells 143 e-books for every 100 hardcovers; and 53% of e-reader owners say they read more now than 6 months ago, compared with 18% of non-owners. (IDC data)
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  • Nov. 8, 2011, 3:31 PM
    While many Android vendors have agreed to pay Microsoft (MSFT) royalties, Barnes & Noble (BKS) is putting up a fight, urging Microsoft's old friends at the DOJ to investigate the company for "attempting to raise its rivals’ costs in order to drive out competition and to deter innovation." Google's (GOOG) Eric Schmidt appears to heartily agree. (previously)
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  • Nov. 8, 2011, 9:59 AM
    Barnes & Noble’s (BKS +4.4%) unveiling of its Nook Tablet computer must be “instrumental in driving holiday traffic” to the retailer, Barclays' Alan Rifkin writes - critical, he says, because BKS lost $0.99/share in its July FQ1, probably lost $0.08/share last quarter, and will lose another $0.78/share in FQ4, which leaves just the January quarter to make “over 200%” of its profit.
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  • Nov. 7, 2011, 10:37 AM
    Barnes & Noble (BKS +0.6%) spikes a little after officially unveiling its anticipated Nook Tablet. Spec-wise, the Nook Tablet has an edge on Amazon's (AMZN) Kindle Fire: the device is lighter, sports twice as much memory, and features a high-quality IPS LCD display. But will that be enough to offset Amazon's edge in pricing and (potentially) apps?
  • Nov. 4, 2011, 5:03 PM
    Barnes & Noble (BKS) fell 3.3% after it was learned its Nook Tablet, due on Monday, will sell for $50 more than the Kindle Fire. Investors appear critical of B&N's unwillingness to match Amazon (AMZN) on pricing, but it's hard to overlook how Amazon has deeper pockets than B&N, and more ways to offset hardware losses. Meanwhile, Amazon is reportedly prepping an 8.9-inch Kindle Fire.
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  • Nov. 4, 2011, 6:54 AM
    Barnes & Noble's (BKS) new Nook tablet debuts Monday with a $249 price tag - marking a $50 premium over Amazon's (AMZN) much-anticipated Kindle Fire. With both devices running off of Google's Android OS and offering users similar basic features, Barnes & Noble will have to drill home to customers the faster processor and increased memory is worth the extra $50 in order to land its e-reader on holiday shopping lists.
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  • Nov. 3, 2011, 11:23 AM
    Sierra Wireless (SWIR -11.8%) dips after its Q3 revenue misses  estimates. Profits dropped 15% Y/Y, driven by the loss of revenue from Barnes & Noble (BKS -4%) and Clearwire (CLWR -10%). Not surprisingly, the company also lowers guidance for FY11, now expecting revenue of between $145M - $150M, below Street estimates for $166M. Separately, Morgan Keegan, Raymond James and RBC all downgrade the shares on the results.
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  • Oct. 28, 2011, 5:29 PM
    Barnes & Noble (BKS +5.8%) rose today after The Digital Reader's sources confirmed the company will ship the next-gen version of its Nook Color on Nov. 7, a week before Amazon (AMZN) begins shipping the Kindle Fire. B&N shares have strongly underperformed the S&P since Amazon's September Kindle announcements.
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  • Oct. 26, 2011, 12:02 PM
    Amazon's (AMZN -11.8%) soft Q3 report (I, II) is taking a toll on rivals eBay (EBAY -2.2%), Barnes & Noble (BKS -2.2%), and (OSTK -1.7%). In B&N's case, Amazon's remarks about boosting Kindle Fire production could also be a factor. (more) (transcript)
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  • Oct. 21, 2011, 11:34 AM
    According to Strategy Analytics, Android's (GOOG) tablet share stood at 27% in Q3 - down from 31% in Q2, but up from 2.3% in Q3 '10. The iPad's (AAPL) share rose 6 points Q/Q, to 67%. Kevin C. Tofel throws cold water on the Android figure, noting devices such as the Nook Color (BKS) are counted, and end-user sales may be far lower than shipments. (also)
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  • Oct. 14, 2011, 8:27 AM
    Research firm WitsView believes wholesale tablet shipments rose 35% M/M in September, thanks to new products from Amazon (AMZN), Barnes & Noble (BKS), HTC, and Asus. While early demand for Amazon's Kindle Fire is strong, it remains to be seen whether the other products will avoid the kind of inventory gluts seen for the PlayBook (RIMM) and TouchPad (HPQ).
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  • Oct. 12, 2011, 3:31 PM
    Barnes & Noble (BKS -1.4%) yanks off its bookshelves graphic novels from DC Comics for the simple reason the publisher entered an exclusive e-book deal with Amazon (AMZN +0.6%) to sell certain titles - a move that may become a sign of the times. As more companies ponder a business plan of signing exclusives with authors - the incentive to restrict the playing field becomes even greater. Next step: Who wins the exclusive right to publish Shakespeare?
  • Oct. 7, 2011, 3:50 PM
    Barclays warns that a price war looms in the e-reader market after Amazon's rollout of four new Kindles, which means new pressure on Barnes & Noble (BKS -1.8%) as it cuts prices of its Nook line to stay competitive. While BKS has expanded the Nook's distribution, "its prospects of gaining share in the digital market are uncertain,” Barclays says.
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  • Oct. 4, 2011, 5:20 PM
    AMR and Eastman Kodak (EK) may dominate the news, but GMI points out at least 11 more big U.S.-listed names that could go bankrupt: CLWR, SPF, DYN, CYH, BKS, QUAD, DIN, CLGX, SHAW, SPWRA, VQ.
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  • Oct. 3, 2011, 9:11 AM
    Barnes & Noble (BKS) execs - heads spinning from last week's barrage of Kindle news - come up with a new distribution channel to increase sales in the e-reader market, saying the firm's Nook e-readers will now be available at Target (TGT) stores. Shares +0.6% premarket.
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Company Description
Barnes & Noble Inc is a booksellers and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform.