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Report: Barnes & Noble To Release Lower-End Nook Tablet On Feb. 22

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When Barnes & Noble (NYSE: BKS) released the Nook Tablet in November, CEO William Lynch called the Kindle Fire “deficient” in part because it had only 8 GB of storage space. Now, it seems, the company has changed its tune.

According to a report from the Verge, Barnes & Noble is releasing a Nook Tablet with less storage space — and, presumably, a lower price — on Wednesday.

The Nook Tablet released in November costs $249 and has 16 GB of storage. According to the report, the new Nook Tablet has 8 GB of storage, the same as the $199 Kindle Fire.

If the report is correct, then the 8 GB Nook Tablet will likely match or beat the Kindle Fire’s price. The lower-end Nook Color, with 8 GB of storage, is currently priced at $199, and that price would presumably also drop.

The Verge doesn’t explain quite where its report came from but shows part of what looks like a photocopied memo and says “All we know for sure is that Walmart plans to launch this new device at 12:01AM on Wednesday, February the 22nd, and deliveries of the 8GB Tablet should be arriving in stores already.”

Last month, the New York Times (NYSE: NYT) reported that Barnes & Noble was working on a fifth e-reading device to be released in the spring.