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Non-Tech : Barnes & Noble (BKS) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Thornell who wrote (292)	1/22/1999 12:43:00 AM
From: Stephen	Read Replies (3) \| Respond to of 1691

Fred ... thanks for posting. I think this is good news ... but I'm not sure .... does this mean a bigger delay pending resolution of Ingram and Bertelsmann ... what does revamping plans next month mean exactly - will they complete and file the necessary S1 form then or is that dependant upon how Bertelsmann's European part is coming along. Also, if Bertelsmann wants to include additional European assets and bought 50% of BKS.com, does this mean that BKS will have a smaller proportion of the IPO spin-off and what will that percentage be???. I'm not sure what to make of this ..... Chuzzlewit .. where are you ....wake up!!?? Stephen

To: Fred Thornell who wrote (292)	1/22/1999 3:01:00 PM
From: E. M. Edds	Read Replies (1) \| Respond to of 1691

Stephen: I have read, reread, and read again the post by Mr. Thornell, and quite frankly, I don't see what you're unclear about. Ingram Book Group is the nation's leading wholesale book distributor, and BKS's acquisition will allow the bks.com site to deliver books to most customers overnight, according to MONEY magazine. This competitive advantage will be hard to overcome. Bertelsmann is one of the largest European booksellers, and its desire to participate in BKS.com will serve as another competitive advantage. As you should know, the acquisition of 50% of BKS.com by Bertelsmann occurred long ago, for $200 Million. Logically, therefore, if BKS sold 50% of its 100%, it now has 50% itself. The offering is expected to raise $100 Million, according to Money Magazine. What does "revamp plans" mean? Well . . . I would guess that it will become public knowledge that the IPO is going forward, and the specifics will be known next month. Finally, is it surprising that antitrust enforcers had to review the acquisition of Ingram, considering that by said acquisition, BKS will be proffiting from all book sellers who buy from Ingram? I personally do not find that surprising at all. What is there to question here? I have to agree with Impeccable. You wonder why there aren't more posters? It's because you constantly post to yourself the same negative non-sense.