The mysterious masters (or mischievous monkeys?) who run the trading desk at Aletheia Research & Management continue their daily churn of Barnes & Noble stock, buying and selling strange blocks of shares day after day. But the trend of slimming their position continues; in the reported period since April 25, the firm reduced their holdings to 8.65 percent of all shares, down from about 10.4 percent.
In other BN news, the company filed a pre-emptive suit in a San Francisco federal court recently against chipmaker LSI, seeking to protect itself from potential claims of patent infringement in their Nook devices. “Barnes & Noble does not infringe and has not infringed the LSI patents,” the retailer wrote in their filing. BN indicated in the filing that LSI told them a year ago of an “intention to pursue claims of infringement of the LSI patents.”