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

To: ElTombo who wrote (629)	4/10/1999 6:51:00 AM
From: Glenn Petersen	Respond to of 1691

All of the proceeds from the IPO go directly to BNBN; none of the proceeds go to BKS. They will be used to fund the operations and marketing efforts of BNBN. Excerpts from the amended S-1: ______________________________________________________________________ All of the shares of Class A Common Stock offered hereby are being sold by the Company. Immediately following the Offering, the Company will become the sole Manager of barnesandnoble.com llc, the entity through which the Company will operate its business ______________________________________________________________________ Net proceeds to barnesandnoble.com will be used to fund anticipated operating losses, including sales and marketing expenses and payments due under strategic alliances; enhancements to the Company's online stores and other capital expenditures; working capital; and other general corporate purposes. In addition, barnesandnoble.com may use a portion of such net proceeds to acquire or invest in complementary businesses, technologies, services or products, although there are no current agreements with respect to any such acquisitions, investments or other transactions. As of the date of this Prospectus, the Company cannot specify with certainty the particular uses for the net proceeds to be received by barnesandnoble.com upon completion of the Offering. Accordingly, the Company's management will have broad discretion in the application of the net proceeds ______________________________________________________________________ The S-1/A can be found at: sec.gov