5 ms·

How far behind is Barnes and Noble?

by gregorymichael 15y ago

nerfhammer 15y ago
http://www.google.com/finance?q=BKS http://www.google.com/finance?q=BKS
e1ven 15y ago
The Nook has saved BN from the same fate. I believe I read that something like 40% of revenue is currently nook-based.
- iqster 15y ago
  I've heard similar things. I don't totally understand how the Nook exists in a world where the Kindle and iPad exist. My only explanation for why people are buying these things is that they want a cheap tablet (closer to the price of a Kindle rather than the iPad) and don't want to buy it online. If that's the case, Amazon dropped the ball big time wrt distribution channels. Anyone have a counter theory?
  - Aloisius 15y ago
    I use the Nook iPad app and I have an original Nook as well. Originally, I bought a Nook over the Kindle because there was a rather large number of free public domain books that I wanted to read and the Nook supported open formats. I pulled down hundreds of books from Project Gutenberg. Barnes and Noble pushes them in all their stores and believe it or not, Amazon doesn't have every customer in the world. Physical stores can still push a product better than an ad can.
  - MatthewPhillips 15y ago
    Steve Jobs said they weren't getting into the eBook business because people don't read any more. He was wrong. The Kindle has thrived where a good many people said it would go away after the iPad was released. With the Nook as a strong #2 in the market I think it's obvious now that reading will continue to be a popular hobby. Barnes & Noble has the retail presence that allows customers to try out their product in the store before buying.
gyardley 15y ago
My wife works for bn.com, and I've met a lot of their employees at after-work functions. Slowly but surely they've been hiring strong talent, and based solely on what I hear from my wife and see at events, morale seems high. No one I've talked to seems concerned about bankruptcy. Given their share of the e-book market, vs. their current $1B market cap, B&N certainly looks undervalued. There's a reason why firms like Liberty Media have been making bids on the company -- they see money to be made there. Things can always change, but from my (limited) vantage point the two companies aren't on the same path at all.

How far behind is Barnes and Noble?

nerfhammer 15y ago

http://www.google.com/finance?q=BKS http://www.google.com/finance?q=BKS

e1ven 15y ago

The Nook has saved BN from the same fate. I believe I read that something like 40% of revenue is currently nook-based.

iqster 15y ago
I've heard similar things. I don't totally understand how the Nook exists in a world where the Kindle and iPad exist. My only explanation for why people are buying these things is that they want a cheap tablet (closer to the price of a Kindle rather than the iPad) and don't want to buy it online. If that's the case, Amazon dropped the ball big time wrt distribution channels. Anyone have a counter theory?
- Aloisius 15y ago
  I use the Nook iPad app and I have an original Nook as well. Originally, I bought a Nook over the Kindle because there was a rather large number of free public domain books that I wanted to read and the Nook supported open formats. I pulled down hundreds of books from Project Gutenberg. Barnes and Noble pushes them in all their stores and believe it or not, Amazon doesn't have every customer in the world. Physical stores can still push a product better than an ad can.
- MatthewPhillips 15y ago
  Steve Jobs said they weren't getting into the eBook business because people don't read any more. He was wrong. The Kindle has thrived where a good many people said it would go away after the iPad was released. With the Nook as a strong #2 in the market I think it's obvious now that reading will continue to be a popular hobby. Barnes & Noble has the retail presence that allows customers to try out their product in the store before buying.

gyardley 15y ago

My wife works for bn.com, and I've met a lot of their employees at after-work functions. Slowly but surely they've been hiring strong talent, and based solely on what I hear from my wife and see at events, morale seems high. No one I've talked to seems concerned about bankruptcy. Given their share of the e-book market, vs. their current $1B market cap, B&N certainly looks undervalued. There's a reason why firms like Liberty Media have been making bids on the company -- they see money to be made there. Things can always change, but from my (limited) vantage point the two companies aren't on the same path at all.