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Borders begins taking orders for e-book reader

Borders Group Inc. has begun taking orders for the Kobo electronic book reader and pushing it at a lower price than competing devices.

Borders also said Friday that its e-bookstore and software will be available beginning in June.

The Kobo e-reader device will retail for $149.99 and come preloaded with 100 "classic" books, the bookseller said. Friday. Borders' e-bookstore and e-reader software will run on Kobo technology. It will run on the Kobo device as well as most smartphones, personal computers and Apple Inc.'s iPad.

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finance.yahoo.com