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Non-Tech : Barnes & Noble (BKS)

BKS 6.490

0.0%

Aug 19 5:00 PM EST

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To: Ahmad Sinno who wrote (220)	1/4/1999 5:59:00 PM
From: Axxel	Read Replies (1) of 1691

>>>>>>I think this is standard procedures for tax purposes. Don't ask me to explain it, but when HRB spun off CompuServe, they first spun off 20% and stated that they would spin off the other 80% CSRV within one year. CSRV took a big hit and HRB ended-up selling out to WCOM. But in terms of the 20-80 spin off, I think it is for tax purposes.<<<<<< I think BKS look rational from both a short term and LT viewpoint-but I wouldn't mind seeing it drop just a few points... Axxel

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