Barnes & Noble is holding a press conference on Monday morning where the company is expected to unveil a new color eBook reader that will go head-to-head with Amazon’s upcoming Kindle Fire tablet. According to a recent report, the slate in question will be Barnes & Noble’s Nook Color 2 and it will feature a 7-inch 1024 x 600-pixel display, 16GB of storage, 1GB of RAM and a dual-core 1.2GHz TI OMAP 4 processor. Rumors also suggest the tablet will be priced at $249, $50 more than the hotly anticipated Amazon Kindle Fire, but nothing is confirmed until Barnes & Noble executives take the stage on Monday morning.

Bookmark this link, which will go live shortly before the event begins tomorrow morning, and make sure to head there for our live coverage of Barnes & Noble’s press conference! Coverage will begin just before 10:00 a.m. EST / 7:00 a.m. PST.