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Wednesday, December 2, 2009
Electronic book crazoids…
Shares in Borders Books fell off the table today. Amazon.com has an e-book reader, the Kindle. Barnes and Noble has their e-book device, the Nook. What does Borders have? Well, they don’t have a proprietary e-book reader like some of their competitors and according to Reuters News Service: “Borders Group Inc (BGP.N) shares fell sharply on continued fears that the US bookseller was missing out on the burgeoning electronic-reader market during the crucial holiday shopping season. Border’s stock fell as low as $1.08…” Ouch!
Speaking of Barnes and Noble, according to CNET News:”Start-up Spring Design has been denied an injunction to halt Barnes & Noble from selling its Nook e-reader, according to court documents. The company had requested the injunction, in addition to monetary damages, as part of a recent lawsuit filed in federal court in San Jose, Calif. The suit charges that the bookseller misappropriated Spring Design trade secrets in the design of its Nook, which launched October 20, the day after Spring Design announced its Alex e-book reader.” Ouch! To read the rest of the article click HERE:
That lawsuit isn’t B&N’s only Nook related headache either. According to Daily Tech, B&N will be hard pressed to fill orders for the Nook in time for delivery by Christmas. Ouch! To learn more about this delay click HERE:
Meanwhile, Amazon.com is laughing all the way to the bank. While they don’t release sales figures on the Kindle one analyst predicts that Amazon will end up selling over half a million Kindles in 2009. According to an article in E Week.com “Amazon.com is expected to sell about 550,000 Kindle devices in 2009, according to a research note issued on Dec. 1 by financial advisory group Collins Stewart. The note’s chief author, Sandeep Aggarwal, also pointed out that the Kindle faces competition from about 40 other e-readers, including Barnes & Noble’s Nook device.”
“The report comes just as Barnes & Noble announced on its site that Nook e-readers ordered after Nov. 30 will ship on Jan. 11. The device will make its debut in Barnes & Noble’s bricks-and-mortar stores starting on Dec. 7, although only high-volume retailers will receive Nooks for actual sale. The bookseller has repeatedly suggested that high demand is the cause for the delays.”
The New York Times just ran an interview with Jeff Bezos, the mastermind behind Amazon.com. It is quite interesting to hear the thoughts of someone who has prospered during tough economic times. To read it click HERE:
Vick Mickunas
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“The Way to Cook” by Julia Child.
This just in from Knopf: Just in time for the holidays….on Dec 8: “THE WAY TO COOK by Julia Child will be available on DVD for the first time: the six-part Video Book (yes, that’s what we called it!) that Knopf originally released on cassette back in 1985, and then published as a best-selling book four years later. 2 DVDs, in full color. 360 minutes.”
Vick Mickunas
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