PointCast IPO -- should be filed by late May Message Board

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Technology Stocks : PointCast IPO -- should be filed by late May

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To: Francis Gaskins who wrote (9)	5/15/1998 2:19:00 AM
From: Francis Gaskins	Read Replies (1) of 33

IPO Report: PointCast files for $51.8 million IPO. . . BELLEVUE, Wash. (CBS.MW) -- PointCast, a pioneer in online content distribution, plans on raising as much as $51.8 million in an upcoming initial public offering, according to a document filed with the Securities & Exchange Commission. PointCast, which calls itself "the leading broadcaster of personalized news and information to business consumers," generated $5.1 million in revenue for the first three months of 1998 vs. $3.0 million in the year-ago period. But the company warns that it "does not expect significant growth, if any, in revenue for at least the next two quarters."

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