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To: patron_anejo_por_favor who wrote (111512)	10/31/2000 9:36:44 AM
From: Glenn D. Rudolph	Respond to of 164684

Barnes & Noble.com Inc. - New York 3rd Quar Sept. 30: 2000 1999 Sales $74,073,000 $46,999,000 Net income a (48,029,000) b (21,877,000) Avg shrs 146,118,000 143,972,000 Shr earns Net income a (.33) b (.15) Figures in parentheses are losses. a. On pro forma basis, the company lost $36.9 million, or 25 cents a share. b. On a pro forma basis, the company lost $21.9 million, or 15 cents a share. Pro forma figures exclude stock-based compensation, and acquisition and investment related costs, including equity in losses of equity investments of $11.1 million in the latest third quarter. Barnes&Noble.com (BNBN) said third quarter gross margin was 20.1% compared with 15.5% in the second quarter, citing increased direct buying from the opening of the company's distribution center in Memphis. Also, reduced promotional activities and deep discounting bestsellers helped gross margin improvements. Barnes&Noble.com said it added over 760,000 customers in the third quarter, with customer accounts up 14. The company boosted its customer total to over 6.3 million from 5.5 million in the second quarter. Repeat customer orders were 71% in the third quarter, up from 63% a year earlier. As of Sept. 30, the company had $286 million in cash and marketable securities and no debt. In addition, Barnes&Noble said its planned acquisition of Fatbrain.com Inc. (FATB) has received antitrust clearance and shareholders will vote on the merger Nov. 16, with the close expected on or around Nov. 30. Shortly afterwards, Barnes&Noble plans to issue forecasts that include Fatbrain.com for the fourth quarter 2000 and fiscal 2001. A First Call/Thomson survey of four analysts produced a mean loss estimate of 23 cents a share for Barnes&Noble.com's fourth quarter, and a loss estimate of 64 cents for fiscal 2001. On Sept. 13, Barnes&Noble.com said it would acquire Fatbrain.com Inc., an online retailer of technical books, in a cash and stock deal valued at about $64 million. As reported, Barnes&Noble.com said it would acquire all shares of Fatbrain for $4.25 each, offering a combination of 75% stock in Barnes&Noble.com and 25% cash. Shares of Fatbrain.com closed at $4, down 3 cents, or 0.8%, on Nasdaq volume of 110,700 shares. Average volume is 235,813 shares. Shares of Barnes&Noble closed at $4.25, up 6 cents, or 1.5%, on Nasdaq volume of 3--O C300 shares. Average volume is 605,953 shares.