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Technology Stocks : Broadcast.com (Acquired by Yahoo)
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: STEAMROLLER who wrote (42)7/16/1998 2:30:00 PM
From: Daniel Ray   of 1260
 
It looks like it'll be Friday after all unless it is withdrawn.

I dunno . . . compare this one to RealNetworks the last week of November '97 . . . RNWK was priced at $12.5, oversubscribed and hyped, first trade was at $19.375, traded down to $17.675 the first day, then fell into a range around 13.5 - 17.375 . . . finally in March it got going again, closed above 18, then went to the moon. Corrected back to 23 and has set all-time highs again the past week.

BCST could pop and keep going . . . but it does not have the enabling technology or potential monopoly position necessary to really get the jets firing. . . .

I would expect this one to be a good intermediate- and long-term play, with the short-term very difficult to call. Suspect the first day of trading might not be the best day top buy (like RNWK) but that is just a feeling and 'what do I know?'

Best wishes and happy investing
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