Quote:
Originally Posted by Xanthe
Damn. I better spend all those B&N gift certificates that I have, so I don't lose them like I did my Borders ones.  |
Now, now.
Let's not get carried away here.
B&N is supposed to have about $150 Million left from their Liberty Media loan.
So even in the worst-case, minus-$100 million scenario, they won't be immediately bankrupt. And Nook is something Borders never had; a spinoff+plus IPO can generate enough cash to float the boat for at least another year.
They're not insolvent.
But they *will* be living paycheck-to-paycheck like most of us.
The biggest problem they face is they have just FUD-ded themselves and effectively frozen the market for Nooks (and possibly *all* epub eink readers) until the other shoe hits the ground.
If you have gift cards and find something you need, then use them. But don't waste them on stuff you don't need just yet.
Don't. Panic!