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My honest gut instinct is that Barnes and Noble was - if not on the verge of collapse at least on shaky financial ground pre-nook.
They have a real problem here - they are behind in the digital reader game and will have huge problems eating away at Amazon's market share. I personally don't think they'll be able to do that unless they drop their prices on eBooks.
The sticky part is though, Amazon can afford to wage a price war on content. Barnes and Noble can't.
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