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To: Bill Harmond who wrote (80969)	10/17/1999 3:41:00 PM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

>>Barnes & Noble has never generated any free cash flow from it's business William - could you clarify your point? I'm not sure I follow you. Thanks, -Eric

To: Bill Harmond who wrote (80969)	10/19/1999 5:50:00 PM
From: spal	Read Replies (1) \| Respond to of 164684

Hey William, I found your discussion with Eric to be quite interesting and wanted to ask you some questions if you don't mind me bringing this thread back to life. A. When you say that Barnes & Noble has never generated any free cash flow, which entity are you talking about the Brick and Mortar operation or the Online business B.Could you clarify your point w.r.t why you feel that all that matters is cash? C.Finally, why do you think Amazon will beat Barnes to this milestone? thank you sanjay pal