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.