Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: American Spirit who wrote (761)	4/18/1999 11:48:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 1691

Actually, all of the proceeds go directly to BNBN. If BKS receives regulatory approval for the acquisition of Ingram's book distribution business, financing will not be a problem. From the BNBN S-1: 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.