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

To: LTK007 who wrote (580)	4/5/1999 9:04:00 PM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 1691

I did not see the CNNfn report, but it sounds like the story was referring to reviews of the Ingram acquisition that the FTC and California Attorney General are currently conducting. If I am correct, this should not have any direct relevance to the IPO. Today's New York Times contained a very useful article on the BKS/Ingram deal, and I imagine that's what the CNNfn report was referring to. One core issue in the review is the status of sales data that Ingram has collected from the independent booksellers who constitute part of its clientele. Understandably, these booksellers don't want the Ingram data to fall into BKS's hands, because that would give BKS a significant competitive advantage. In March, Ingram signed a deal with Entertainment Marketing Information Services which puts EMIS in charge of managing sales data collected from independent bookstores. This has been seen as an attempt by BKS/Ingram to put up a firewall between the data and BKS, thus making the deal more likely to gain ultimate approval. It sounds to me like this is what you were referring to in your report. The Times article is available at: nytimes.com In addition, CBS Marketwatch wrote a similar piece that's available at: cbs.marketwatch.com

To: LTK007 who wrote (580)	4/5/1999 9:56:00 PM
From: Jerry S.	Respond to of 1691

I have taken a position today in BKS,and have been confused however regards it's inability to break-out. My opinion on this, at least as regards today, is that the review of the Ingram deal put somewhat of a damper on what was early strength this morning. However I have noticed that there appears to be buyers whenever the price dips around the $32 level. The momentum it takes to break it above $33 (resistance for about a week now) just isn't there yet but I do think we are close. Some bigger players are starting to get involved as I saw a 35K block get bought today. I think many are waiting for a more definitive announcement on the IPO date. If some of the tech & internet stocks cool just a bit then you might see some profit $$ make its way over here. This is and has been since the IPO announcement an excellent accumulation opportunity which I myself have been taking advantage of. We have definitely based in the $32 - $33 range, a platform for take-off?