Broadcast.com (Acquired by Yahoo) Message Board

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Technology Stocks : Broadcast.com (Acquired by Yahoo)

YHOO 52.58

0.0%

Jun 26 5:00 PM EST

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To: P.T.Burnem who wrote (211)	7/17/1998 5:15:00 PM
From: Patricio Millas	Read Replies (1) of 1260

* 12:16 ET Broadcast.com Opens: You won't believe this one. Stock finally opens and is trading at 72 1/2 up 300% from its offering price of $18. This could get ugly for those investors who placed at the market buy orders for this stock before it opened. Intraday high 74. * 13:36 ET Broadcast.com (BCST) 62 +44 (+244%): At $62, BCST shares trade at 117 times trailing revenues and has a market cap of over $1 bln. To put that in perspective, RealNetworks (RNWK), which over the past four months has almost quadrupled BCST's sales, carries a market-cap of slightly over $1 bln. Even more disturbing is that this stock trades at a premium of 24% to the Price/Sales ratio awarded the granddaddy of Internet stocks, Yahoo!.

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