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Technology Stocks : Barnes & Noble
BKS 6.4900.0%Aug 19 5:00 PM EST

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To: Jan Garrity Allen who wrote (7)8/21/1998 6:07:00 AM
From: Jay k.  Read Replies (1) of 32
Why isn't BKS doing 100% spinoff.
They can charge/share the cost of buying and storing inventories
for the new Internet company. BKS will receive rev/earnings from
NetBKS and all the money they are losing promoting the Internet
will be gone next quarter.
The new Internet company will be valued similar to
and NETBKS without BKS can spend as much as they want promoting the
new company on the internet. Top line GROWTH.
By keeping 80% of the new company BKS will make valuation of the linked to BKS stock price.
ATT spinned off LU, I don't see why BKS can't spinoff NETBKS.

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