By ROBERT EVATT Tech Writer on Aug 21, 2013, at 3:51 PM Updated on 8/21 at 4:26 PM
BITS AND BYTES
Ah, the magic of internet pre-orders. Just fill out a form, and instead of standing in line overnight you can get the hot ...
Ray Dolby, founder of Dolby Laboratories, has died at age 80. You've probably seen the Dolby name and the double D logo all ...
There must be something in the water over at Sony headquarters that's giving them goofy ideas. First it's the strange hybrid ...
A few months ago, Barnes and Noble announced they would soon seek partners to manufacture future Nook tablets, which everyone interpreted to mean the company would stop making Nooks themselves, and the Nook tablets would probably fade away.
Well, forget all that. In a recent
earnings call , Michael Huseby, CEO of the company's Nook division, said that's not true.
Huseby said everyone interpreted that incorrectly, and that the company would be releasing a new Nook tablet by Christmas. When asked why they're proceeding with a project that's lost over $1 billion and generated few sales, he said the only real problem with Nook was excess inventory. On top of that, Huseby said the company no longer plans to split its digital and retail divisions, which means Microsoft likely won't be buying Nook as rumored.
Why the about-face? It probably has to do something with the fact that the person who announced the end of the Nook tablet and the possibility of the split, William Lynch, is no longer CEO. Even so, that's quite a rapid reversal. I'd hate to see the well-made tablet line vanish, but pressing on when they're losing so much money is a big gamble.
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