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

To: American Spirit who wrote (1049)	5/10/1999 2:10:00 PM
From: SwampDogg	Read Replies (1) \| Respond to of 1691

I fully expect BNBN to be priced $15-$17. There is no way that it will be let go for $12 and any rise in the IPO price will be good for BKS.

To: American Spirit who wrote (1049)	5/10/1999 2:25:00 PM
From: Daskin	Read Replies (1) \| Respond to of 1691

>Glenn, You don't work for someone involved, do you? AS, you seem a little bit on edge. Glenn is doing a good job here to provide this thread with downside analysis. I would like to see both positive and negative viewpoint here, not just bullish or bearish only. As of 05/08/1999, the analysts' consensus for BKS is a BUY. Average Qualitative Opinion = 1.00, according to Multex.Com.

To: American Spirit who wrote (1049)	5/10/1999 2:59:00 PM
From: Glenn Petersen	Read Replies (2) \| Respond to of 1691

Actually, I work for myself. I obviously think that BNBN is not going to trade at $12 as my initial analysis assumed that the price will triple. I also think that the initial pricing will be adjusted upward, perhaps as high as $18. If BNBN trades at $36, its market cap will be equal to 23% of the market cap of AMZN. Is that justified when BNBN's sales are only equal to 11% of AMZN's? I don't know. A high market cap for AMZN is a good thing for BNBN, because people do make that comparison. I don't think that we are in any real disagreement of the pre-IPO target. You say $45, I say $40-45. I hope that your estimate is closer, I'll make more money. I do hate to see people have unrealistic expectations. This has not been your normal back door play. There has not been a lot of volatility on the upside in this issue yet and conversely it will probably not sell off as much as the other back door plays. Regards.