Audio and Radio on the Internet- NAVR Message Board

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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: HairBall who wrote (949)	12/2/1998 11:24:00 AM
From: Jules	Read Replies (1) of 27722

Apparently its from CBS Marketwatch..here is the link: cbs.marketwatch.com Remember Navarre (NAVR), the Minneapolis company we wrote about in July? See the original column. At the time, we discussed the company's www.netradio.net Web site. The stock back then sold for 6 1/2, giving the company a stock market capitalization of about $50 million. On Monday, the stock rose 14 to about 26, then slipped to 17 11/16, still up 5 1/2 at midday. The news: something about a looming IPO for the broadcaster, which hopes to emulate the success of Broadcast.com (BCST). See our exclusive story on Navarre's IPO hopes. Still, Navarre's stock market valuation, compared with giants like Yahoo! and America Online, remains a microscopic $125 million or so. The stock could quadruple from here and Navarre's market cap still would amount to about two-fifths of Broadcast.com's value.

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