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To: Bill Harmond who wrote (81109)	10/18/1999 11:42:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

William, not a good day for me. Stuck in bed with the flue and Phcm is still in a short squeeeeeze. Some nice profits wiped away in one day.:- Do you still have FatB? >> Sunnydale, California, Oct. 18 (Bloomberg) -- Vulcan Ventures Inc., the investment vehicle of billionaire Paul Allen, said it will spend $20 million to increase its stake in Fatbrain.com Inc. to about 12 percent, bolstering the online bookseller's new Internet publishing venture. Allen, a co-founder of Microsoft Corp., is boosting his stake the Sunnydale, California-based company from 4.9 percent. Vulcan is paying about $20.88 a share, or 10 percent more than last week's average closing price. Fatbrain.com, formerly known as Computer Literacy Inc., sells books on engineering and other technical subjects on the Internet. Today it began a previously announced Internet- publishing program called eMatter that allows amateur and professional writers to publish and sell their works on the company's Web site. Allen uses closely held Vulcan to invest in companies that deliver computer and communications technologies to U.S. homes. Vulcan owns stakes in Internet phone service provider Allegiance Telecom Inc., online directory Go2Net Inc. and telecommunication company RCN Corp. The eMatter program also calls for Fatbrain.com to distribute books, previews and out-of-print books from MacMillan Publishing USA, McGraw-Hill Companies Inc., the Motley Fool Inc. and Salon.com. Vulcan will also buy warrants to make future investments in the company at 125 percent of the initial purchase price. The financing agreement allows for up to $10 million of additional investment. Diane Daggatt, a new media analyst at Vulcan, will join the board of Fatbrain.com. Shares of Fatbrain.com fell 1/16 to 20 3/16. The stock has risen about 50 percent so far this year. Oct/18/1999 16:57 <<