Classic Don't fall in love with nook

gigercounter · 10-29-2009, 03:07 AM

BN stock is only around $16 a share, and Amazon is around $121 a share. BN Ebooks are priced too high. Now I hear you only have one hour per day for the instore feature (all you can read for free when you go to BN- or so they say). The nook is going for $269 which I dont even spend that much per year at B&N for books then I will have to spend more cash to fill it up. I bought a high end (physical) book at Amazon for $30 whereas BN wanted $45. If the Kindle fails- life will go on with Amazon - whereas if the Nook fails- it could spell the end for BN (then what do you do with the nook and its fancy nook covers?)
I am NOT a Kindle flamer- I do not own a reader yet. I am just standing on the sidelines and observing the whole kabobble.
This is my opinion---- whats yours?

nomesque · 10-29-2009, 03:20 AM

Hrmmm... interesting logic.

The one area I think this argument is wonky, is the idea that the Nook is as useless without B&N as the Kindle would be without Amazon.

Shoot me if I'm wrong, but I think that without Amazon, books for the Kindle would fast become hard to come by. Sure, .mobi formatted ebooks are available elsewhere, but would new bestsellers be made available in .mobi format if Amazon weren't around? I don't think so. Whereas the Nook, to my understanding, supports more formats, and ones more likely to be available with or without B&N. So the wireless functionality might be completely useless (likewise the Kindle's if Amazon goes splat), but the basic 'displaying books' functionality is more resilient.

Now, my disclaimer: I don't own an ebook reader, I'm NOT in the USA (hence the whole wireless thing doesn't thrill me), and I'm just a little biased against Amazon

bruba · 10-29-2009, 03:50 AM

If you do get that Nook, you might want to lookup an ebook on stocks and finance..

gigercounter · 10-29-2009, 03:54 AM

Quote:

Originally Posted by bruba

If you do get that Nook, you might want to lookup an ebook on stocks and finance..

why?. Whats your opinion cause I would sure like to hear it.

gigercounter · 10-29-2009, 03:58 AM

Quote:

Originally Posted by nomesque

Hrmmm... interesting logic.

The one area I think this argument is wonky, is the idea that the Nook is as useless without B&N as the Kindle would be without Amazon.

Shoot me if I'm wrong, but I think that without Amazon, books for the Kindle would fast become hard to come by. Sure, .mobi formatted ebooks are available elsewhere, but would new bestsellers be made available in .mobi format if Amazon weren't around? I don't think so. Whereas the Nook, to my understanding, supports more formats, and ones more likely to be available with or without B&N. So the wireless functionality might be completely useless (likewise the Kindle's if Amazon goes splat), but the basic 'displaying books' functionality is more resilient.

Now, my disclaimer: I don't own an ebook reader, I'm NOT in the USA (hence the whole wireless thing doesn't thrill me), and I'm just a little biased against Amazon

Nomesque I was referring to the fact that IF Amazon could no longer afford to sell ebooks at a low price and it was not profitable for them- then they would have to discontinue the ebook foray... I know its a long shot but I am talking about a hypothetical situation here.

bruba · 10-29-2009, 04:01 AM

Quote:

Originally Posted by gigercounter

why?...

Quote:

Originally Posted by gigercounter

BN stock is only around $16 a share, and Amazon is around $121 a share.

These two stock prices say nothing about the company.

Quote:

Originally Posted by gigercounter

If the Kindle fails- life will go on with Amazon - whereas if the Nook fails- it could spell the end for BN (then what do you do with the nook and its fancy nook covers?)

Why would a failure of the Nook spell the end for B&N? Seems like a healthy company to me. They're getting in on the eReader hype pretty early. Failure of the Nook will mean nothing to them. They're one of the, if not the largest book retailer in the US.

nomesque · 10-29-2009, 04:24 AM

Quote:

Originally Posted by gigercounter

Nomesque I was referring to the fact that IF Amazon could no longer afford to sell ebooks at a low price and it was not profitable for them- then they would have to discontinue the ebook foray... I know its a long shot but I am talking about a hypothetical situation here.

So... contrasting no more ebooks from Amazon vs no more ebooks from B&N?

It's probably the relative lateness (past 5pm on a hard work day), but I don't understand the difference between the hypothetical you mention in that quote, and the one I was talking about?

tautologico · 10-29-2009, 12:52 PM

Quote:

Originally Posted by gigercounter

BN stock is only around $16 a share, and Amazon is around $121 a share. BN Ebooks are priced too high. Now I hear you only have one hour per day for the instore feature (all you can read for free when you go to BN- or so they say). The nook is going for $269 which I dont even spend that much per year at B&N for books then I will have to spend more cash to fill it up. I bought a high end (physical) book at Amazon for $30 whereas BN wanted $45. If the Kindle fails- life will go on with Amazon - whereas if the Nook fails- it could spell the end for BN (then what do you do with the nook and its fancy nook covers?)
I am NOT a Kindle flamer- I do not own a reader yet. I am just standing on the sidelines and observing the whole kabobble.
This is my opinion---- whats yours?

Your arguments don't make much sense. Stock price? B&N going bankrupt because of a failing product?

Even if the nook somehow fails, I expect B&N to try again to keep in this market. B&N wants a piece of the ebook market in this ipod-like model (which Amazon adopted first for books). This is probably not the ideal for the consumers; it would be better to have a single standard format and the ability to buy books for any device in any store. But right now we have the ipod model which seems to be very lucrative, so both B&N and Amazon should keep at it even if individual versions of their respective devices don't sell too well.

It's a nascent market and B&N is a big company, I think only a catastrophical failure would make them change plans.

jasonkchapman · 10-29-2009, 12:58 PM

Quote:

Originally Posted by tautologico

It's a nascent market and B&N is a big company, I think only a catastrophical failure would make them change plans.

Agreed. This isn't, after all, their first shot at this market.

DaleDe · 10-29-2009, 01:05 PM

B&N is committed to the eBook market. They have spent huge amounts of money buy eReader and fictionwise. They have developed their own reader, they have signed contracts with at least two other companies, iRex and Plastic Logic, to offer their products.

Stock prices are not indicators, of course, since companies can divide their stock and issue more stock anytime they wish. You have to look at whether the stock is going up or down to determine the success of the stock.

desertgrandma · 10-29-2009, 01:39 PM

Quote:

Originally Posted by gigercounter

The nook is going for $269 which I dont even spend that much per year at B&N for books then I will have to spend more cash to fill it up. I

If all you read is current best sellers, then yes, perhaps you will have to spend some cash to fill it up.

You are aware of the many thousands of free ebooks out there? Some by independent authors, but most public Domain?

Like some of the over 11,000 we have uploaded here for free? Not to mention feedbooks.com?

The ebook word is filled with books that will enrich your life, without spending a dime.

kacir · 10-29-2009, 02:05 PM

Quote:

Originally Posted by gigercounter

Now I hear you only have one hour per day for the instore feature (all you can read for free when you go to BN- or so they say).

Where did you get that little piece of info?

kindlekitten · 10-30-2009, 11:08 AM

is this a red herring or what?

HarryT · 10-30-2009, 11:23 AM

No, I don't think so. A red herring looks like this:

jasonkchapman · 10-30-2009, 11:51 AM

I thought I smelt something.

10-29-2009, 03:07 AM	#1
gigercounter Banned Posts: 43 Karma: 320 Join Date: Oct 2009 Device: none yet	Don't fall in love with nook BN stock is only around $16 a share, and Amazon is around $121 a share. BN Ebooks are priced too high. Now I hear you only have one hour per day for the instore feature (all you can read for free when you go to BN- or so they say). The nook is going for $269 which I dont even spend that much per year at B&N for books then I will have to spend more cash to fill it up. I bought a high end (physical) book at Amazon for $30 whereas BN wanted $45. If the Kindle fails- life will go on with Amazon - whereas if the Nook fails- it could spell the end for BN (then what do you do with the nook and its fancy nook covers?) I am NOT a Kindle flamer- I do not own a reader yet. I am just standing on the sidelines and observing the whole kabobble. This is my opinion---- whats yours? Last edited by gigercounter; 10-29-2009 at 03:10 AM.

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10-29-2009, 03:20 AM	#2
nomesque Snooty Bestselling Author Posts: 1,485 Karma: 1000000 Join Date: Aug 2009 Location: Ipswich, QLD, Australia Device: PRS-650	Hrmmm... interesting logic. The one area I think this argument is wonky, is the idea that the Nook is as useless without B&N as the Kindle would be without Amazon. Shoot me if I'm wrong, but I think that without Amazon, books for the Kindle would fast become hard to come by. Sure, .mobi formatted ebooks are available elsewhere, but would new bestsellers be made available in .mobi format if Amazon weren't around? I don't think so. Whereas the Nook, to my understanding, supports more formats, and ones more likely to be available with or without B&N. So the wireless functionality might be completely useless (likewise the Kindle's if Amazon goes splat), but the basic 'displaying books' functionality is more resilient. Now, my disclaimer: I don't own an ebook reader, I'm NOT in the USA (hence the whole wireless thing doesn't thrill me), and I'm just a little biased against Amazon

10-29-2009, 03:50 AM	#3
bruba Member Posts: 10 Karma: 10 Join Date: Oct 2009 Device: PRS-600	If you do get that Nook, you might want to lookup an ebook on stocks and finance..

10-29-2009, 01:05 PM	#10
DaleDe Grand Sorcerer Posts: 11,470 Karma: 13095790 Join Date: Aug 2007 Location: Grass Valley, CA Device: EB 1150, EZ Reader, Literati, iPad 2 & Air 2, iPhone 7	B&N is committed to the eBook market. They have spent huge amounts of money buy eReader and fictionwise. They have developed their own reader, they have signed contracts with at least two other companies, iRex and Plastic Logic, to offer their products. Stock prices are not indicators, of course, since companies can divide their stock and issue more stock anytime they wish. You have to look at whether the stock is going up or down to determine the success of the stock.

10-30-2009, 11:08 AM	#13
kindlekitten Professional Adventuress Posts: 13,368 Karma: 50260224 Join Date: Sep 2009 Location: The Olympic Peninsula on the OTHER Washington! (the big green clean one on the west coast!) Device: Kindle, the original! Times Two! and gifting an International Kindle	is this a red herring or what?

10-30-2009, 11:23 AM	#14
HarryT eBook Enthusiast Posts: 85,560 Karma: 93980341 Join Date: Nov 2006 Location: UK Device: Kindle Oasis 2, iPad Pro 10.5", iPhone 6	No, I don't think so. A red herring looks like this:

10-30-2009, 11:51 AM	#15
jasonkchapman Guru Posts: 767 Karma: 2347 Join Date: Jul 2007 Location: NYC Device: Sony Reader, nook, Droid, nookColor, nookTablet	I thought I smelt something.