The Bottom Line On Barnes and Noble

Barnesandnoble.com inc. today announced results for the second quarter ended June 30, 1999, its first quarter as a publicly traded company. Sales for the second quarter were $39.1 million, an increase of 243 percent over sales of $11.4 million for the second quarter of 1998. Sales for the six months ended June 30, 1999 were $71.4 million, up 250 percent over sales for the comparable period in 1998. On May 25, barnesandnoble.com inc. completed an initial public offering, raising more than $486 million, net of commissions. A total of 28,750,000 shares were sold to the public.