Best Buy Co. Inc. this week price cut Barnes & Noble Inc.’s Nook Color by $50 prior to the release of the Nook Tablet device.

This week, the Nook Color holds a price of $199.99 at

Nook Color, released in 2010, is a color e-reader to view digital books, magazines, and newspapers.

Barnes & Noble is slated to announce the new Nook Tablet next week according to an advanced specifications sheet.

The Nook Tablet is said to include a 7-inch 1024 x 600 display, 1.2GHz Dual-Core CPU, 1GB RAM, 16GB Memory, eight hours of battery life with Wi-Fi off or four hours of video at $249.

By comparison, the Nook Tablet will include double the RAM and Memory of the Kindle Fire.

The documents add that the Nook Tablet will be available for pre-order Nov. 7 and shipped to customers by Nov. 16.

The Kindle Fire, to be sold Nov. 15, includes a full-color 7-inch multi-touch IPS display, Dual-Core CPU, 8GB Internal Memory, Wi-Fi functionality, and up to eight hours of battery life at $199.00.

Applications include the Amazon Silk Browser, E-Mail, Amazon Instant Video, Amazon Appstore, and Amazon Cloud Drive with unlimited cloud storage for Amazon content.

Finally, each Kindle Fire will include a free month of Amazon Prime membership.

Amazon in Sept. announced new Kindle models including the Kindle at $79.00, the Kindle Touch with touch display and built-in Wi-Fi at $99.00, and the Kindle Touch 3G which adds free 3G wireless functionality at $149.00.

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