The Barnes & Noble investor conference call this morning was one for the, um, books.
It was short, lasting about forty minutes, had few questions — none of which were hard-hitting — and was punctuated by moments of silence. I still don’t know if that silence was due to technical problems or if Lynch & Co. were hitting the Mute button on their speakerphone.
I told all of you back on March 29: All Nook Tablets Are Now Orphan Devices
And now here we are:
Barnes & Noble Reports Fiscal 2013 Year-End Financial Results
And the color Nooks are dead:
The company plans to significantly reduce losses in the NOOK segment by limiting risks associated with manufacturing. Going forward, the company intends to continue to design eReading devices and reading platforms, while creating a partnership model for manufacturing in the competitive color tablet market. Thus, the widely popular lines of Simple Touch and Glowlight products will continue to be developed in house, and the company’s tablet line will be co-branded with yet to be announced third party manufacturers of consumer electronics products. At the same time, the company intends to continue to build its digital catalog, adding thousands of eBooks every week, and launching new NOOK Apps.
Boldfaced emphasis added by me.
So where does that leave them?