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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (1005)	12/16/1997 6:36:00 AM
From: zTrader_77	Read Replies (1) \| Respond to of 164684

Yes, I do subscribe to InsideTrader.com - but i did not see any new filings this week. Here is an article from bloomberg: Technology News Tue, 16 Dec 1997, 4:06am EST BN 12/15 Barnes & Noble Names Stephen Riggio Vice Chairman (Update2) Barnes & Noble Names Stephen Riggio Vice Chairman (Update2) (Updates with closing stock activity.) New York, Dec. 15 (Bloomberg) -- Barnes & Noble Inc. named Chief Operating Officer Stephen Riggio vice chairman, putting him in charge of its Internet book-selling business. Riggio's former position will be filled by J. Alan Kahn. Kahn was previously chief executive of Barnes & Noble College Bookstores Inc., a closely held affiliate that is majority-owned by Chairman and Chief Executive Leonard Riggio, Stephen Riggio's older brother. The executive changes come as Barnes & Noble expands its Internet site that offers books for as much as 40 percent off list price. The New York-based company started the site in May to challenge industry pioneer Amazon.com Inc. on the Web. Rival retailer Borders Group Inc. will unveil its site next month. ''Riggio's the one behind their Internet effort,'' said analyst Linda Farquhar of BT Alex. Brown Inc., who rates the company's stock a ''buy.'' ''He's impressed people as becoming very knowledgeable very quickly about that business.'' Because of high marketing costs, Barnes & Noble's Internet site isn't expected to be profitable until fiscal 2000. Still, the company has said it expects Web sales to soar to $100 million to $125 million next year from an estimated $25 million to $30 million this year. ''Barnes & Noble has increased their reach since May pretty impressively. People are visiting the site,'' Farquhar said. Riggio, 43, also will oversee Barnes & Noble's publishing, mail order and distribution businesses, the company said. Kahn, 50, will manage the retail operations, which include 484 Barnes & Noble bookstores and 555 B. Dalton bookstores. Little is known about his performance at Barnes & Noble College Bookstores, analysts said. ''Alan Kahn may be somewhat of an unfamiliar name to people,'' said analyst William Armstrong of Fahnestock & Co.