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To: Bill Harmond who wrote (85880)12/1/1999 5:43:00 PM
From: Jan Crawley  Respond to of 164684
 
I sorta understand your point and will sleep on it for a few days. Added up the previous 3M shares sold on 11/18, 19, and 23, Delta sold almost 7M shares in the past two weeks without disturbing the price much, it is saying something.



To: Bill Harmond who wrote (85880)12/1/1999 6:28:00 PM
From: Randy Ellingson  Read Replies (1) | Respond to of 164684
 
We essentially own shares in the "US Airline Discount Ticketing Cooperative, Inc."

I don't know, William. The ticketing cooperative could be effectively competed against by another ticketing cooperative, such as cheaptickets.com. What is the incentive for airlines to offer their best prices to one outlet? It's true that consumers like the "make an offer" model, but if the prices turn out to be comparable on pre-viewed flights (e.g., at cheaptickets.com), won't many travelers will prefer that purchase over making several incrementally larger bids?

Randy



To: Bill Harmond who wrote (85880)12/1/1999 8:26:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
November 30, 1999

BARNES & NOBLE ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM

NEW YORK, NY - November 30, 1999 - Barnes & Noble, Inc. (NYSE: BKS), the
nation's largest bookseller, announced today that its board of directors
has authorized the purchase of as much as $250 million of its common
shares. The company may repurchase shares from time to time in the open
market or through privately negotiated transactions, depending on
prevailing market conditions, and other factors.

"Barnes & Noble's strong financial position enables us to implement this
repurchase program," said Leonard Riggio, the company's Chairman and Chief
Executive Officer. "The board's decision demonstrates our commitment to
enhancing shareholder value and our confidence in the performance and
future prospects of Barnes & Noble."

As of October 30, 1999, Barnes & Noble, Inc. had approximately 70 million
common shares outstanding. Shares repurchased by the company may be held as
treasury shares or retired.

About Barnes & Noble, Inc.

Barnes & Noble, Inc. (NYSE: BKS) operates 528 Barnes & Noble and 444 B.
Dalton bookstores, and Babbage's Etc., one of the nation's largest
operators of video game and entertainment software stores. Barnes & Noble
stores stock an authoritative selection of book titles and provide access
to more than one million titles. They offer books from more than 50,000
publisher imprints with an emphasis on small, independent publishers and
university presses. Barnes & Noble is one of the world's largest
booksellers on the World Wide Web (http://www.bn.com), and the exclusive
bookseller on America Online (Keyword: bn). barnesandnoble.com has the
largest standing inventory of any online bookseller. Barnes & Noble also
publishes books under its own imprint for exclusive sale through its retail
stores, mail-order catalogs, and Web site.

General financial information on Barnes & Noble, Inc. can be obtained via
the Internet by visiting the company's investor relations Web site:
shareholder.com.

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Additional Information: shareholder.com
Distribution List Changes/Deletions: shareholder.com