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: METHOS who wrote (1331)	12/4/1998 11:10:00 AM
From: Lynn	Read Replies (1) of 27722

Since there will be no IPO until after a new CEO is in place, it sounds as there is zero possibility of the IPO taking place in '98. Has anyone talked to the people at IR about what they are doing to recruit a new CEO? Basically, are they just talking about the need to hire a CEO or is there active searching, interviewing, etc? From the article found at cbs.marketwatch.com [quote begin] In the Nov. 25 story, Paulson, who was contacted by CBS MarketWatch, declined to discuss a specific timetable for the IPO filing, citing SEC regulations, saying only that the company has hired an investment bank to handle the offering and is "working on [the filing] as diligently as possible." He also declined to talk about other specifics of the IPO, including the name of the banker working on the offering and the percentage of NetRadio that Navarre plans to sell to the public. The company spokesman would only say that Navarre, which recently hired a new chief financial officer, is waiting to find a new chief before it files for the IPO. For the time being, Paulson is also operating as NetRadio's chief executive. [quote end] Lynn

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