The Wall Street Journal pits Amazon against Barnes & Noble and suggests that investors should start buying B&N:
The contrast with Barnes & Noble could hardly be greater. This has been a poorly run company in many ways: The company used to dominate U.S. book sales, and had it played its cards right Amazon may never have existed. It remains a giant brick-and-mortar retailer, with nearly 800 stores around the country. That's an unhappy burden right now, as US consumers, struggling with high personal debts, curb shopping. Plus, reading is hardly a growth activity. And book sales are starting to move, albeit slowly, to electronic reading devices like the Kindle.
Much of the article is spent discussing how the Kindle, which is currently the biggest feather in Amazon's cap, could potentially go south:
The Kindle has weaknesses. Books purchased on an Amazon Kindle can only be read on a Kindle (or an iPhone). The company uses a proprietary closed format. As I've mentioned here before, it risks making the Kindle the Betamax (Bezomax?) of e-readers.
Gizmodo has a first look at what is possibly B&N's upcoming e-reader, and it looks like the Kindle might have something to worry about: It features a black and white screen on top with an iPhone-like multitouch screen beneath. Barnes & Noble will officially introduce the device next week.
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