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Old 08-13-2010, 06:49 AM   #2
taming
Trying for calm & polite
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Posts: 4,006
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Join Date: May 2010
Location: Mostly in Canada
Device: kobo original, WiFI, Touch, Glo, and Aura
From the article:

"CEO Heather Reisman attributed the bigger loss to the company’s heavy investment in the e-bookstore Kobo. Originally a digital branch of Indigo, Kobo was spun off into a separate company last December but Indigo is still its major shareholder. "The increased loss is not unexpected as we continue to invest significantly in the growth and development of Kobo. We expect this investment to pay off materially in the mid to longer term," Reisman said."

It seems to me that Indigo made an investment, spent some real money, and it was reflected in its bottom line for the quarter. No where in there does it seem to imply anything negative about the future financial success of the Kobo reader.
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