RealNetworks (NASDAQ:RNWK) Message Board

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Technology Stocks : RealNetworks (NASDAQ:RNWK)

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To: TCavallin who wrote (925)	7/24/1998 3:09:00 AM
From: Sonki	Read Replies (1) of 5843

15% drop !hope this helps. RealNetworks' (RNWK) stock plunged more than 6 points as its Chairman & CEO Glaser, a former Microsoft (MSFT) employee, testified against the software giant before a U.S. Senate Committee... Glaser noted that "in a number of circumstance where the consumer already had our (RealNetworks) product, Microsoft's product, Media Player, in effect breaks our product.".. Glaser also expressed concern that MSFT was about to add Media Player to Windows 98... Threat of competition behind stock's retreat... However, Briefing sees pullback as good (re)entry opportunity as we expect RNWK to maintain its leadership position in the streaming media market.

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