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Non-Tech : Barnes & Noble (BKS)

BKS 6.490

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Aug 19 4:00 PM EDT

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To: tktrimbath who wrote (1644)	11/24/2000 3:18:27 PM
From: Glenn Petersen	of 1691

BKS in talks with Gemstar: ap.tbo.com Nov 24, 2000 - 02:22 PM Barnes & Noble in Talks With Gemstar About E-Books The Associated Press NEW YORK (AP) - Barnes & Noble Inc. acknowledged Friday that it is holding talks with Gemstar-TV Guide International about different ways to cooperate in selling e-books, including a possible merger. Earlier this week the bookselling giant denied a report in The Wall Street Journal saying the two companies were discussing a merger. But Barnes & Noble spokeswoman Mary Ellen Keating said the talks have expanded since then. "We are now discussing a whole wide range of issues, and all options are open," Keating said. Barnes & Noble acquired a stake of less than 1 percent of Gemstar when it sold the company NuvoMedia, the maker of the Rocket Book, one of the first electronic text readers. Gemstar, which publishes TV Guide magazine and operates on-screen programming guides, is one of the leading e-book publishers, having also purchased Softbook Press earlier this year. Gemstar shares, which had slumped earlier this month on concerns about growth in the company's online programming guides, rose $2.625 to $46.375 on the Nasdaq Stock Market. Barnes & Noble shares gained $1.188 to close at $27.938 on the New York Stock Exchange. AP-ES-11-24-00 1422EST

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