Quote:
Originally Posted by afv011
As things stand now, I have to agree it doesn't look too rosy for them. I hope they can get themselves out of the hole, but getting in bed with MSFT is probably not the right long term strategy.
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And who else is willing to throw good money into Nook right now?
It's not as if MS put any strings on them; all they got out of the deal was a Win8 app (that showed up late) and a chance to sell nook ebooks (guaranteeing Nook at least $350M over 3 years). Without that guarantee, B&N would probably be in Chapter 11.
Whatever happens to Nook, the damage has been self-inflicted, as is typical of most companies that have ended up on that list. And of the ones that managed to survive, most of those ditched their entire management team--as Best Buy did last year.
Odds B&N does that? Riiighhhtt...
If they're to survive into XMAS '14 the very people who got them into this mess are the ones that have to find a way out.