Valuevision (V V T V)
A good play on etailing, and they own 15% of the coming Net Radio IPO.
From the company's last 10-K
In March 1997, the Company acquired a 15% interest in Net Radio Corporation
("Net Radio") for an aggregate purchase price of $3 million, consisting of $1
million in cash and a commitment to provide $2 million in future advertising.
Net Radio is a music and entertainment site on the Internet. Navarre
Corporation, a leading national distributor of music, computer software and
interactive CD ROM products, owns the remaining 85% of Net Radio. The Company's
24-hour per day shopping program is currently being carried by Net Radio. This
investment allows ValueVision to establish a foothold in providing electronic
commerce on the Internet. Additionally, ValueVision has been granted exclusive
rights for most merchandise categories to be made available in Net Radio's
program marketplace.
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