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Non-Tech : Barnes & Noble (BKS)
BKS 6.4900.0%Aug 19 5:00 PM EST

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To: Duane L. Olson who wrote (523)3/21/1999 12:29:00 AM
From: Tom Hua  Read Replies (2) of 1691
 
Duane, AMZN and barnesandnoble.com are No. 1 and 2 online booksellers. Although AMZN had sales almost 10 times higher than barnesandnoble.com last year, the ratio will narrow by at least a factor of 2 this year. So I think it's not unreasonable that WS will value barnesandnoble.com at 1/5 AMZN, or about $4 B. BKS's 40% share adds $23.5 per share to its stock. We might be looking at a $60 stock here.

Regards,

Tom
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