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Barnes & Noble Inc (BKS)

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  • May 13, 2013, 1:33 PM
    Barnes & Noble (BKS -9.9%) spikes lower after Insider Monkey reports that a source inside Microsoft indicates nothing is imminent from the company on a plan to buy Nook Media.
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  • May 9, 2013, 9:30 AM
    Investors are racing ahead of analysts over a potential deal by Microsoft to buy Barnes & Noble's (BKS) Nook Media digital assets outright. Stifel Nicolaus analyst David Schick warns it's not clear if B&N's board has even seen the offer and what the full impact will be for the remaining trimmed-down company. No bother, BKS +27.7% premarket anyway.
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  • May 9, 2013, 9:10 AM
    Premarket gainers: BKS +29%. TSLA +24%. CTRP +17%. GMCR +15%. GRPN +15%. XOMA +12%. TC +12%. OWW +7%. AFFY +7%. WAC +7%.
    Losers: LPSN -22%. RAX -21%. PZZI -17%. GV -11%. MNST -10%. SSNC -7%. HEK -7%.
  • May 9, 2013, 7:29 AM
    Investors of Barnes & Noble (BKS) caught the break they were looking for when Microsoft reportedly offered $1B to buy Nook Media's e-reader, tablet, and e-book operations. Shares of B&N are up 25.2% premarket to $22.25.
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  • Mar. 11, 2013, 10:41 AM
    Barnes & Noble (BKS +1.3%) breaks higher, fueled by chatter that a M&A adviser has been hired by the company to help it explore strategic options.
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  • Mar. 4, 2013, 9:49 AM
    Will Microsoft buy Barnes & Noble (BKS +5.8%)? The bookstore chain shoots higher in early trading after a Barron's article pitches the case that the retail business is worth $19 a share alone. The crux of the argument is that Microsoft (MSFT -0.2%) would be smart to buy the company to jumpstart its retail business and set up a store-within-a-store concept to boost sales of its tablets.
  • Feb. 28, 2013, 10:28 AM
    Heard during Barnes & Noble's (BKS +3%) earnings call: 1) Further steps to reduce Nook Media costs will be undertaken with underlying profitability an issue. 2) On the hardware business, the company concedes the market has shifted toward a consumer preference for multi-function tablets away from e-readers and that big players are "resonating" in the market more than B&N. The company will "adjust" quickly. 3) Contrary to news reports, the company says it will not accelerate store closings with 95% of its stores still profitable. A new store concept may be tested. (webcast)
  • Feb. 28, 2013, 9:03 AM
    More on Barnes & Noble's (BKS) FQ3: Revenue fell off faster in the Nook segment (-25.9%) than Retail (-10.3%) or College (-1.3%) as the company puts in another disappointing quarter. Digital content sales only increased 6.8% for the period, a mark which fails to live up to the promises for the business. For FY13, comparable bookstore sales are expected to decline in the low- to mid-single digits. A strategic review of Leonard Riggio's offer for the retail business is ongoing. BKS -3.8% premarket. (PR)
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  • Feb. 25, 2013, 12:53 PM
    Midday top 10 gainers: ENMD +26%. OBCI +25%. GALT +19%. APPY +15%. NTWK +12%. BKS +12%. ZNGA +11%. HXM +10%. MGN +10%. CMGE +9%.
    Midday top 10 losers: AFFY -86%. CEDC -55%. DVAX -33%. GGS -31%. GMXR -24%. TROV -17%. EMITF -16%. ESI -14%. FRO -14%. XRSC -13%.
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  • Feb. 25, 2013, 10:50 AM
    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.
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  • Feb. 25, 2013, 7:41 AM
    Barnes & Noble (BKS) says its Strategic Committee will review an offer from Chairman Leonard Riggio to buy out the retail side of the business. Evercore Partners has been hired to run the numbers on the deal. BKS +17.7% premarket to $15.90.
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  • Feb. 25, 2013, 7:09 AM
    Shares of Barnes & Noble (BKS) rip 26.2% higher premarket after its Chairman proposes to buy out the company's retail operations. Though a split between the retail side of the business and Nook Media was predicted, this wasn't the path most analysts saw transpiring.
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  • Feb. 13, 2013, 9:15 PM
    Barnes & Noble (BKS) warns it expects FY13 (ends in April) Nook Media revenue to be below prior guidance of $3B. Also, the division's EBITDA loss is now expected to be above FY12 levels - prior guidance was for a comparable loss. Last month, BKS reported a 12.6% Y/Y drop in Nook division sales for the holiday season, and IDC estimated the company's Q4 tablet share fell nearly 60% Y/Y to a mere 1.9%. Shares -4.2% AH. FQ3 results are due on Feb. 28.
  • Jan. 28, 2013, 10:06 AM
    Barnes & Noble (BKS -1.3%) trades lower after a plan to reduce a third of its stores over the next ten years is disclosed. Given a backdrop of a print book market which has lost 22% of its sales in five years and B&N's ongoing struggles to generate profits, the move makes sense to analysts.
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  • Dec. 28, 2012, 9:32 AM
    Not found in the press release trumpeting the Pearson investment in Nook Media, the related 8-K says Barnes & Noble (BKS) expects holiday sales results will be below expectations and that the Nook business "will not meet the company's prior projection for FY 2013." Shares come off the premarket highs, now +2.5%.
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  • Dec. 28, 2012, 9:04 AM
    Barnes & Noble (BKS) +8% premarket after Pearson (PSO) says it will invest $89.5M in Nook Media in exchange for a 5% equity stake. BKS says the strategic investment "will accelerate customer access to digital content by pairing [Pearson's] leading expertise in online learning with Nook Media's expertise in online distribution." Following the transaction, BKS will own 78.2% of Nook: Microsoft will own 16.6%.
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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.