Revenue in stores open at least one year in its college bookstores are expected to fall by a low single digit percentage.

WSJ: Barnes & Noble posts 3Q loss as Nook demand slows

For fiscal 2013, the company expects revenue in stores open at least one year to fall in the low- to mid-single digit range.

WSJ: Barnes & Noble posts 3Q loss as Nook demand slows

The company also saw a mid single-digit comp store sales decline in mobile computing due to a fall off notebook computer sales, in part reflecting a pick-up in tablet computer sales.

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Following a double-digit pop in 1997, Velcap had relinquished all its gains by the fall of 1998.

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The previous boom brought double-digit growth and reckless lending, followed by a construction bust and a 14% fall in GDP.

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U.S. corporate profits (which are expressed in nominal terms) have tended to rise and fall at about twice the rate of world nominal dollar GDP, suggesting double-digit profit growth again in 2006.

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