~~
Barnes and Noble's Rise Tells its Own Story
Shares of the world's largest book retailer Barnes and Noble (NYSE: BKS )
have risen 26 percent in the previous two days to $14.33 upon the
announcement of the company's new Nook tablet and the Justice Department's
opening of a new antitrust probe against Microsoft (NASDAQ: MSFT). Today's
trading volume for Barnes and Noble's shares represents 4.05 times the
average volume for the company. The high volume gives validity to the
large price move.
...
Several major analysts have given a "buy" recommendation for the company's
shares. Goldman Sachs, Janney Capital Markets, and Stifel Nicolaus have
all issued "buy" recommendations for Barnes and Noble Shares.
~~
http://tinyurl.com/6p3rmev
Comments, updates and disclaimers: This article was published on November
10th. Since then Barnes & Noble's stock value has risen to $16.58.
Unfortunately, I don't think the DOJ has actually opened an investigation
into Microsoft's patent troll tactics in this case (yet), but maybe the
writer of the article knows more than anyone else?
But the fact remains that, thanks to Android devices, Barnes & Noble's
market in ebooks has risen to over 27% and now a company that was "on the
ropes" is roaring back.
Will be interesting to see how this antitrust case will play out. This
could be the beginning of the end for Microsoft's and Apple's patent
extortion.
RonB
Registered Linux User #498581
CentOS 5.7 or VectorLinux Deluxe 6.0
or Linux Mint 10
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