Saturday, September 18, 2010

Links--Barnes & Noble Edition

B&N is coming up to their annual meeting on the 28th of September where B&N's nominees for their board will be challenged by millionaire Ron Burkle who owns almost 19% of the company's shares and apparently has his eyes on a take-over.  The CEO has taken this opportunity to make plans for the US's biggest bookseller clear (with a big emphasis on ebooks) and he seems to have successfully rallied support for his slate--although nothing can be taken for granted until the vote.
  • Barnes & Noble (NYSE: BKS) Downgraded by Merrill Lynch: ...from a “neutral” rating to an “underperform” rating
  • Barnes & Noble Predicts Big Books for Fall: Romance will see growth in the paranormal arena with major titles from Christine Feehan with Dark Peril and Sherilyn Kenyon with No Mercy. Debbie Macomber will have a special holiday title, Call Me Mrs. Miracle ... For Teens, paranormal romance and fantasy and adventure continue to dominate the trends...
  • Book Battleground: Embroiled in a proxy fight with dissident shareholders, Barnes & Noble's chief executive, William J. Lynch, Jr., today issued a letter to investors making his case for the company's long-term strategy
  • Second firm backs Barnes & Noble against Burkle: Egan-Jones Proxy Services has recommended that Barnes & Noble Inc shareholders support the bookseller in its proxy battle
  • CEO Aims for E-Market: Establish B&N as a Top Retailer of Content in the Exploding Digital Market -- Barnes & Noble was the first company to launch an eReading device, the "Rocketbook" in early 2000... we've gone from zero share to capturing over 20% of the digital trade book market -- a higher share than the 18% we possess of the physical book market
  • ‘NOOKstudy’ Software May Not Compute For Some: Barnes and Noble-based university bookstores began offering NOOKstudy textbooks on its real-life as well as digital bookshelves 

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