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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: T-Lo Greens who wrote (4292)1/14/1999 8:07:00 PM
From: Scott Kleinhans   of 27722
 
More coverage after the market closed.

EarthLink falls after follow-on offering
Navarre hires NetRadio CEO; Healtheon re-files for IPO

By Darren Chervitz, CBS MarketWatch
Last Update: 4:48 PM ET Jan 14, 1999

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Navarre hires NetRadio CEO

Music distributor Navarre (NAVR) has hired a new chief executive for its NetRadio unit. The company didn't have to go far to find the successful candidate, tapping NetRadio's chief financial officer for the CEO spot. Eric Paulson, Navarre's chief executive and the former NetRadio CEO, will remain chairman of the unit, which is expected to file for an IPO this quarter.

Before he joined NetRadio, the new CEO, Edward Tomechko, worked for the retailer County Seat Stores, which filed for bankruptcy in 1996 and failed in an attempt to go public again last year.

NetRadio operates two Web sites, one that streams music in a radio-station format and one that sells CDs.

Navarre's stock was up 11 percent to 16 15/16 on the news.

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cbs.marketwatch.com
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