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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.10

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To: Jing Qian who wrote (51142)	4/18/1999 2:20:00 PM
From: Jenne	of 164684

Barnes & Noble's CEO Uncertain of the Future of Bookselling Bloomberg News April 18, 1999, 10:46 a.m. PT New York, April 18 (Bloomberg) -- Barnes & Noble Inc.'s Chief Executive Leonard Riggio, 58, said for the first time in his life he can't see five years ahead to the changes coming in the book business and retailing in general, the New York Times reported. Some industry experts wonder whether the company's sales growth on its online site could hurt sales at its bricks- and-mortar outlets. Barnes & Noble could be forced to cut prices at its superstores as more books are sold at lower prices on the Internet, said Craig Bibb, a managing partner at Jasper Funds, a hedge fund that has sold its Barnes & Noble's holdings, the newspaper reported. Barnes & Noble, the biggest U.S. bookseller, revived its plan last month to sell part of its online unit to the public and doubled the IPO's size to $200 million.

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