Is Borders going away soon?

[javasaurus]

Borders (yes, the book store chain) stock has dropped dramatically in the last year, from a several-year average of about $23 to a low of about $8 yesterday, and today has been slammed to about half of that.

I know there was some talk of a Barnes-and-Noble purchase of Borders, but is B&N really doing any better in this Amazon/Wall-mart world?

EDIT: Apparently they are open to the idea of merger/sell-out, but they also have enough funding to continue operations for at least a year while they try to rearrange their business model. They'll probably sell-off more international subsidiaries, and create their own e-store (they've been working with Amazon). They'll probably change their Borders Rewards program again too.

Comments

[wilhelmina-d.livejournal.com]

Oh, gods, I hope they aren't going to take away my Borders! I hate B&N - it's too loud and its lighting, coloring and set up aren't conducive to staying in store for more than 5 minutes. I buy more when I browse more and that includes sitting and reading for bits at a time. Maybe Borders shareholders will look at things long-term and wait it out? (Yeah, I know. OK, you can stop laughing now. No, really. It wasn't that funny. ;)

[javasaurus.livejournal.com]

Things might continue for a little while at least -- see my edited original post.

[sparowe]

Down here, it doesn't affect me too much... the only Borders is in downtown Nashville, and you really have to want to go to bother. Fact is, by the time you get that far, there's a good used bookstore. On the other hand, I'd hate to see B&N get ahold of their Rewards program, given how their own is run.

[petricat666.livejournal.com]

Borders began as a small cramped wonderful bookstore in Ann Arbor, Michigan. When my dad had to travel to the VA Hospital or I'd go visit my brother at U of M I'd try to finagle a visit to the original Borders. When I heard the news yesterday I was dismayed. Apparently they are offering themselves for sale. If I can't get my BBC History Magazine anymore I will be very put out.