SW - Take a look at QKKA, a possible beaten down "Broadband" IPO play.
Quokka Sports, Inc. has developed a new style of global sports entertainment programming that uses the digital information sharing and communications power of the Internet to allow viewers to choose from a variety of perspectives, information and action sequences. For the six months ended 6/30/99, revenues fell 53% to $3.4 million. Net loss totalled $26 million, up from $2 million. Results reflect the absence of Whitbread sponsorship revenues and higher marketing costs.
Home Page: quokka.com
Daily chart: siliconinvestor.com
Fiancial news pieced together from quokka.com
July 28, 1999 - Quokka Sports, Inc. (Nasdaq: QKKA) went public with an offering of 5,000,000 shares @ $12.00. The managing underwriters of the offering are Merrill Lynch & Co., Lehman Brothers, and BancBoston Robertson Stephens. Prior to that, March 26, 1998, it closed a $5.2 million in venture funding from Bank America Robertson Stephens, Media Technology Ventures, Stanford University, Trinity Ventures, and the Wakefield Group. April 7th, it received an equity investment from Intel Corporation.
Now here is where the "Broadband" players come in:
20 January 1999 and 22 June 1999 further fundings came from previous investors, as well as from new investors such as MediaOne© Interactive Services, Media Technology Ventures, Omega Venture Partners, The Ignite Group,TCI/Liberty, Hearst, Comcast, British Telecom, Excite@Home, MeriTech, Crossover, and Pivotal Partners.
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