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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (7181)	2/1/1999 1:27:00 PM
From: Triffin	Read Replies (1) \| Respond to of 56535

THREAD MINING....MORE ON BKS from their dec 24, 1998 S-3 filing on EDGAR... --------------------------------------------------------------- Internet Operations The Company's Internet business, barnesandnoble.com, has been operating since the Spring of 1997. Like most Internet retailing ventures, it has not operated at a profit. Through October 31, 1998, it had accumulated net losses of $42.8 million. These losses were offset recently by the $300 million investment made by Bertelsmann AG for 50% of barnesandnoble.com. The Company expects barnesandnoble.com to continue to spend significant amounts to grow its Internet business, including amounts for advertising, strategic alliances like those with America Online and Lycos, and technology and equipment improvements. barnesandnoble.com has $200 million available from the Bertelsmann investment to pay for those items. The Company believes those expenditures will result in increased sales and eventually in profits. However, there is no guarantee that that will happen. Because Internet retailing is still in a relatively early stage of development, there is no guarantee that use of the Internet for retail purchases will become widespread. Consumer concerns about privacy and security may hinder the growth of Internet retailing. The Company also may be unable to develop new strategic alliances to increase consumer traffic to the Company's Web site. The Company may be unsuccessful in renewing existing strategic alliances or, if they are renewed, it may be at higher cost. EOM----------------------------------------------------------------- Think I'll watch awhile longer on this one.. Jim in CT