Barnes & Noble’s third quarter financial report for the period ending January 26 was not expected to deliver much in the way of good news, Thursday morning’s report was in line with those meager expectations. CEO William Lynch reiterated in the investor conference call “we’re obviously disappointed that our Nook tablets didn’t perform better over the holiday.” Following heavier losses on that device sales shortfall, Lynch said the company is “taking significant actions to begin a rightsizing of the Nook costs.” He said the company concluded that “larger technology brands have more resonance in that multifunction tablet world than we do” […]
