If you're using IE, it's as easy as 1-2-3-4:
1: Go to the Files menu, and select "Import and Export..." from it.
2: Select "Export Favourites" from the screen that comes up.
3: Choose "Save as file", and pick your destination disk drive & subdirectory.
4: Your favourites will then be saved as an .HTM file to the drive/subdirectory you chose.
You can copy the resulting file to a floppy diskette or across a network to another computer if you desire.