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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: fiberman who wrote (811)12/1/1998 1:04:00 AM
From: IRVINESULLY  Read Replies (1) of 27722
 
I am not sure if anyone has posted this yet from CNN...To be honest, I am too tired to re-read 1000 posts to see :)

It ain't over yet folks!!! The IPO is coming and so far no value is placed on it!!! Should be prove to be very interesting!!!


NEW YORK (CNNfn) - Even as many Internet stocks were plunging Monday, hints that another cyber-industry player will soon go public lifted
shares of its parent company. Shooting its way higher was Navarre (NAVR),up 5-1/16 to 17-13/16. The music and software distributor owns 85 percent of NetRadio, a company that bills itself as the first radio station of the Internet. NetRadio, which is carried on Navarre's books at zero value, confirmed it is working on filing the papers for an IPO sometime prior to the end of the year.
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