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Old 03-05-2009, 12:35 PM   #67
HarryT
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Quote:
Originally Posted by mjh215 View Post
I never said it was unprofitable. I said that B&N would say that when they closed it. Companies do this all the time, sometimes to kill competition, sometimes to hijack technologies and other times to just have it in their coffers for the future. Not to mention just appeasing stockholders with a news blurb. That alone can be worth $16 million. It actually fell nearly a point since the announcement, but Reuters already has it in their "Deals of the day -- mergers and acquisitions".

-MJ
People have been "predicting" the demise of MobiPocket since the day that Amazon bought it. Guess what - they are bigger and more popular than they ever have been. Companies really don't spend that sort of money just to "pull the plug" on a business. What FW brings to B&N is a world-wide loyal customer base as a valuable supplement to their US-only "bricks and mortar" store business. Why on Earth WOULD they want to close it?
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