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

[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.