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Non-Tech : Barnes & Noble (BKS)
BKS 6.4900.0%Aug 19 5:00 PM EST
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To: LTK007 who wrote (580)4/5/1999 9:04:00 PM
From: Lane Hall-Witt  Read Replies (1) of 1691
 
I did not see the CNNfn report, but it sounds like the story was referring to reviews of the Ingram acquisition that the FTC and California Attorney General are currently conducting. If I am correct, this should not have any direct relevance to the IPO.

Today's New York Times contained a very useful article on the BKS/Ingram deal, and I imagine that's what the CNNfn report was referring to. One core issue in the review is the status of sales data that Ingram has collected from the independent booksellers who constitute part of its clientele. Understandably, these booksellers don't want the Ingram data to fall into BKS's hands, because that would give BKS a significant competitive advantage. In March, Ingram signed a deal with Entertainment Marketing Information Services which puts EMIS in charge of managing sales data collected from independent bookstores. This has been seen as an attempt by BKS/Ingram to put up a firewall between the data and BKS, thus making the deal more likely to gain ultimate approval. It sounds to me like this is what you were referring to in your report.

The Times article is available at:

nytimes.com

In addition, CBS Marketwatch wrote a similar piece that's available at:

cbs.marketwatch.com
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