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Barnes & Noble Struggles to Find a Buyer

barnes and noble searches for buyerBookseller Barnes & Noble, Inc. (BKS) has been hoping to find a potential buyer, but it appears as though its search will end with no buyer.

The book seller has been searching for months for a potential buyer, and the search will likely continue for a couple more weeks, but people close to the bidding process have stated that it looks unlikely that the company will be able to find a buyer.

Continue reading Barnes & Noble Struggles to Find a Buyer

E-book Sales Expected to Quadruple

books and e-readerThere's a new industry in the making. It's in the way we buy and read books. Electronic books, or e-books, are taking the book market by storm. Here's a mind blowing statistic. Barnes & Noble (BKS) announced that in December its e-book sales exceeded print books, as reported in MSNMoney.

The two big leaders in the e-book market are Amazon.com (AMZN) and Barnes & Noble with the Kindle and Nook readers respectively. Both companies said that e-readers are their best-selling product of all time.

Continue reading E-book Sales Expected to Quadruple

Amazon.com Boasts of Blowout Kindle Sales

Amazon.com (AMZN) logoMonday morning, Amazon.com (AMZN) announced that the third-generation Kindle is now its best-selling product of all time, unseating former title-holder Harry Potter and the Deathly Hallows. Amazon didn't provide specific sales figures for the e-reader, but the retail giant added that more Kindle books were purchased this past Christmas Day than on any other day in history -- confirming that the gadgets are quite a popular gift.

Meanwhile, Nov. 29 -- or "Cyber Monday" -- was the peak day for holiday shopping on Amazon. More than 13.7 million items were ordered worldwide on the Monday after Thanksgiving, which translates to about 158 items per second.

Continue reading Amazon.com Boasts of Blowout Kindle Sales

Best Buy Q2 Earnings Preview

Best Buy (BBY) logoBest Buy Inc. (BBY), the nation's largest consumer electronics outlet, is scheduled to discuss its second-quarter fiscal 2011 financial results Tuesday, September 14, in a conference call beginning at 10:00 AM (ET). You can catch a live webcast of the call at the company's website.

During the three months that ended in August, Best Buy named a chief design officer and increased its quarterly dividend. Analysts surveyed by Thomson Reuters expect the company to post earnings of 46 cents per share, which is a 19.6% increase from a year ago. Its revenue is expected to have grown 5.7% to $11.7 billion.

Continue reading Best Buy Q2 Earnings Preview

Amazon and Nook Prices Drop as E-reader Battle Wages On

Good news for those of you who haven't yet hopped on the e-reader bandwagon; now you can climb aboard for cheaper. A pricing battle between Barnes & Noble (BKS) - which makes the Nook -- and Amazon.com, Inc. (AMZN) -- parent of the Kindle -- leaves consumers the winners, as the devices are now priced south of $200.

The WiFi-only Nook is now available for just $149 (the 3G version is priced at $199) and the 3G-enabled Kindle has been marked down to $189 from $259. That's a 27% savings. It's also conveniently $10 less than the comparable Nook.

Continue reading Amazon and Nook Prices Drop as E-reader Battle Wages On

Barnes & Noble Preparing Second-Generation Nook E-Reader?

Barnes & Noble, Inc. (BKS) followed Amazon.com, Inc. (AMZN) in introducing an e-reader device. The devices, meant to replace books and periodicals and lower the cost of physical distribution (or eliminate it) with a higher-quality experience, have sold well so far. Amazon.com sold out of the first Kindle device launched at the end of 2007, and the first Nook device featured a better navigation than the Kindle. Still Barnes & Noble's share price since early 2009 hasn't exactly outperformed itself, as it sits under $23 right now.

Continue reading Barnes & Noble Preparing Second-Generation Nook E-Reader?

Selling the Kindle at Target Sounds Silly

The tech blog rumor mill is running at full speed today about a partnership between online retail powerhouse Amazon.com (AMZN) and brick-and-mortar discounter Target (TGT). Supposedly, the hit Kindle e-reader will be on sale in Target stores later this month.

Engadget kicked off the frenzy Wednesday with what looks to be a covert screenshot of Target's inventory computer showing stock. Target is being conspicuously closed-mouth on the subject, deflecting requests for comments with a simple vanilla statement: "Target has no specific plans to share at this time, and we don't comment on speculation or rumors."

Continue reading Selling the Kindle at Target Sounds Silly

Apple iPad Gets Off to a Strong Start

Apple's (AAPL) new wonder device, the iPad, got off to a strong start even before this weekend's official launch date. Eager customers lined up at Apple stores Saturday to get their hands on the new and much-hyped tablet-style PC. This was due in part, no doubt, to the fact that Apple sold out of preorders of the iPad.

With a starting price of $499 to $699, estimates for iPad sales for all of 2010 range from 3 million to 6 million units. Estimates for just this weekend alone range from 300,000 to 500,000 units out the door and into the hand of early adopters and Apple fanatics.

Continue reading Apple iPad Gets Off to a Strong Start

Dell's New Mini 5 Tablet Will Include Amazon Kindle Reader. Will Apple Care?

Dell's (DELL) is about to start thinking that it's newer Mini 5 hybrid device will be an Apple (AAPL) iPad competitor. Each device has not even been released yet, and there are competitive stirrings already afoot. The Dell unit, which looks like a large smartphone but not quite as large as a tablet computer, will bring a ton of Amazon (AMZN) services to bear in order to try and compete with the Apple content ecosystem that will surely blow all others away once the iPad starts shipping next month. Can an Amazon Kindle e-reader application pre-loaded on Dell's device really give an iPad a run for its money?

Continue reading Dell's New Mini 5 Tablet Will Include Amazon Kindle Reader. Will Apple Care?

Amazon Trades Lower Despite Topping Estimates for Third Quarter

Amazon Fourth Quarter EarningsShares of e-commerce giant Amazon.com, Inc. (AMZN) are trading lower in after hours trading despite posting better than expected earnings this afternoon for its fourth quarter.

Going into this afternoon's earnings release, analysts were expecting to see Amazon show earnings of 72 cents per share, on revenues of $9.04 billion in revenues.

Continue reading Amazon Trades Lower Despite Topping Estimates for Third Quarter

Rumored Apple Tablet Is Wowing Them Again

Tomorrow we are not going to see people landing on Mars, or North and South Korea unite, or the end of poverty and disease. However, the long awaited Apple (AAPL) tablet computer will be unveiled and from all the excitement it has generated it might even be bigger news than that.

It seems everyone is anticipating that Apple's latest device will have the ability to balance the federal budget and eliminate the deficit. After all the hype anything less may disappoint.

Continue reading Rumored Apple Tablet Is Wowing Them Again

Insiders Read Up on Barnes & Noble

In his High-Income Alert financial newsletter, Mark Skousen recommends Barnes & Noble (BKS), noting, "Barnes & Noble has almost 800 stores in 50 states. It also owns one of the Web's most-visited Web sites.

The advisor suggests, "The stock has attracted heavy insider buying. In our view, this looks like a superb contrarian buy right now."

Continue reading Insiders Read Up on Barnes & Noble

Five Reasons Mini-Bubbles Are Forming

A rally that began last year has already run up the prices of some stocks, creating small bubbles across the market. Some investors might be pushing prices higher ahead of their time for 62 of the stocks in the S&P 500 index. These companies now have P/E ratios of above 70, up from 23 a year ago. Says Robert Maltbie of Singular Research, "We have to temper some of this crazy bullishness." He tells USA Today that when P/E ratios approach 70, a stock can begin to have problems.

So, why are some prices being run up? As usual, any hope of rational price drivers is the domain of dreamers. Investors have found their favorites and sometimes haven't allowed reality to become a constraint on their excitement. Take a look at five reasons below:

Continue reading Five Reasons Mini-Bubbles Are Forming

Can Shopping Go Viral?

Looking back on what became a tough end to a tough year for the retail sector, the one bright spot was the online sector. Shoppers whipped out their plastic at a record rate on Black Friday, a trend that continued throughout the season.

The Amazon (AMZN) Kindle killed the competition, reinforcing the status of the online channel as the future of the retail business. Social media, in particular, had its first real test this year, as many companies -- including Best Buy (BBY), JCPenney (JCP) and Target (TGT) -- used the likes of Twitter and Facebook to engage customers, publicize sales and generally increase revenue. The next stage in the evolution, of course, is to use shopping behavior to trigger viral results.

Continue reading Can Shopping Go Viral?

Apple's Tablet Target: 10 Million in 2010

For a company that hasn't even admitted to a new product, expectations are awfully high. The word is out that Apple (AAPL) will be unveiling a tablet computer at a major product launch this month.

Former Google (GOOG) exec Lee Kai-fu put out on his blog that he knows its coming, citing an anonymous source, and that the device would sell for less than $1,000. It's going to have a 10.1-inch screen and three-dimensional graphics, he continued, according to a Bloomberg News report, saying it would look like a large iPhone.

Continue reading Apple's Tablet Target: 10 Million in 2010

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Last updated: February 11, 2012: 02:31 AM

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