BGC Voice and Electronic Brokerage

The Dow Jones Industrial Average fell 38, or 0.36%, to 10,636.38, while the S&P 500 was down 6.04, or 0.54%, to 1,119.82. The Nasdaq lost 11.84, or 0.52%, to 2,283.52.

Melissa Lee, the moderator of CNBC's "Fast Money" TV show, said that Barnes & Noble (BKS)was up 28% in afterhours trading on word that it hired Lazard to seek strategic alternatives, including the possible sale of the company. Karen Finerman said the adoption of the e-reader has come so quickly that she would be reluctant to touch a bricks-and-mortar business like Barnes & Noble.

Seymour said that if Barnes & Noble were sold, it would be a victory for Wal-Mart(WMT), which has gone into many of the core businesses of Barnes & Noble. Anthony Scaramucci ventured Microsoft(MSFT) as a possible suitor since it wants to put software into tablets, phones and iPads.

Shifting to Internet stocks, Lee said Priceline(PCLN) was sharply higher on its earnings beat and raised guidance. Scaramucci said Priceline was benefitting from travelers opting for shorter vacations at cheaper hotels. He said the demographics of the site are getting older and older.

Looking at the general market, Seymour said the markets performed relatively well considering the headwinds domestically and in China, which is pulling back on its stimulus.

Lee brought in Colin Gillis, an analyst with BGC Partners, to comment on today's debut of the BlackBerry Torch. Gillis called it an evolutionary product that will not produce any big lines. "It's not an iPhone killer." He said the iPhone killer is already out, and it's Google's(GOOG), Android phone, which is outselling the iPhone.

Colin Gillis Comments: 'Fast Money' Recap: Barnes & Noble's in Play - TheStreet.com

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