WavePhore (WAVO)- VBI fed WaveTop for WebTV Message Board

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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

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To: Ken Turetzky who wrote (502)	8/8/1997 11:04:00 PM
From: Doug (Htfd,CT)	of 2843

WAVO sales +49% over prior Qr, +20% over same quarter last year. 60 cents / share loss exceeds estimates, but 53 cents of loss is attributable to WaveTop investments, one-time acq charges and preferred stock dividends. Without those charges, quarter loss is 17 cents per share and 32 cents for six months, according to WAVO CFO. Three month sales $4.9 million, gross margin 48%, up from last year. If you annualize that sales rate to about $20 million, WAVO is available at about 7x sales. In WAVO's press release at biz.yahoo.com, CFO Swenson reports revenue backlog in Networks Division "very strong" and looks for continued growth throughout the remainder of 1997. Says Newscast division continues to experience "significant growth," revenue up 69% from same period in '96. Acquisition of Paracel Online accounts for a $6 million non-cash write-down. Expects significant growth from Newscast division, with recent announcement of agreement with Time Inc. New Media to carry many of their popular publications. A recent $24 million equity infusion for preferred stock will be used for working capital and business acquisitions, said Swenson. Full story and financial tables at biz.yahoo.com ~ Doug ~ (long WAVO at basis below $8)

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