A different take by another Techcruncher:
Quote:
As we crawl out of the first decade of the 21st century, it seems that big changes in publishing are afoot. Ten years ago the most ereader I did was loading “In The Beginning There Was The Command Line” onto my Palm Pilot. Now I’m reading – and sharing from – Steven Pinker’s excellent The Better Angels of Our Nature on a slab of electronics and e-ink that costs as much as my Palm fold out keyboard cost in 2000.
But what does this move mean? It means the last big book store chain, Barnes & Noble, is toast, at least as a physical presence in our cities and towns. The WSJ writes:
The bookstore chain’s stock sank 16%, to $14.59, after the company reported a worse-than-expected loss of $6.6 million, or 17 cents a share, for the quarter ended Oct. 29, compared with a loss of $12.6 million, or 22 cents a share, a year earlier.
Sales declined 0.6% to $1.89 billion from $1.90 billion in the year-earlier quarter, with the biggest drop occurring at B&N’s college stores.
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