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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (883)	3/23/1999 9:18:00 AM
From: Wayners	Read Replies (1) \| Respond to of 1196

Correction to previous post. This means that as far as the offering goes, they are valuing the total barnesandnoble.com business at between $1.0B and $1.334B. The total BKS market cap is 68.6M shares x approx. $30 before the announcement= $2.058B. The public will obviously value the business higher when the IPO occurs. This means they are saying the online business is worth between $1.0B/$2.058B=48.6% and $1.334B/$2.058B=64.8% of the business. BAMM has a very similar online business minus some of the partnerships BKS has. Even if the online business is only worth 1/2 of the BKS online business, or $500M, or $500M/$17.4M shares=$28.74 per share. I showed earlier that BAMM with no growth was worth $8.45 a shares. So adding these numbers together we get $37.19 per share at the time of an offering. If BAMM does do a spinoff or IPO of the internet book business, BAMM will rocket back to $40. I think its just a matter of time before that happens.