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Technology Stocks : Barnes & Noble
BKS 6.4900.0%Sep 20 12:00 AM EDT

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To: Jay k. who wrote (8)8/21/1998 1:13:00 PM
From: FR1  Read Replies (1) of 32
Exactly my feeling. If you are only going to sell 20% of the business to the public you are not really doing a public offering. It is just paperwork. Every expert will be screaming about it and the stock will be viewed as the same as BKS (which it will be).

The reason for IPO spin offs is to give the business independence. So that you are not tied to the government of the parent business and you don't have to turn profits over to HQ. If BKS owns 80%, BKS will call the shots, BKS will take the profits, and it means there is no real IPO.

This is like IBM doing a IPO for the company lunch room on the 12th floor of their corporate HQ.
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