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told the Wall Street Journal that the potential deal was an effort to boost its share price, its shares have plummeted 21 percent since the news was revealed."We see substantial value in what we've built with our Nook business in only two years, and we believe it's the right time to investigate our options to unlock that value," Lynch told the Journal. Barnes & Noble cautioned that its year-end results would show higher losses than previously forecasted – between $1.40 and $1.10 per share as opposed to the $0.63 Wall Street was predicting. canada goose outletThe company blames disappointing sales of the Nook Simple Touch and investments in advertising while insisting other e-reader and e-book sales were strong.Also read: Amazon Sold Millions of Kindles -- But Won't Say Exactly How Many In the world of e-books its Kindle has been a game changer, but Barnes & Noble has been a primary competitor with its Nook.Both companies released a new series of products in November – including their first tablet computers – but this news suggests Amazon’s products have fared better than Barnes & Noble’s.Amazon does not release its sales figures, canada goose cheap outletbut did recently say it was shipping off more than 1 million Kindle products a week. Barnes & Noble also cut the prices of its tablets for the November launch, which some interpreted as an effort to compete with Amazon’s bargain pricing.Lynch has disputed the notion that it is falling behind in a competition with Jeff Bezos' company. canada gooseMeanwhile, he said Apple's iPad is not a direct competitor since Barnes & Noble -- like Amazon -- is more focused on selling e-books and e-readers than tablets.
