Here's the standard of coverage we need to aspire toward. One of the main differences between VDAT and BCST is that VDAT has zero analyst coverage. Can anyone who's been involved in VDAT a while tell me who brought them public?
January 11, 1999
<<Broadcast.com Shares Surge After Comments at Conference
By a WALL STREET JOURNAL Staff Reporter
DALLAS -- Broadcast.com Inc.'s shares rose 50% Friday in a continued response to an appearance at a Morgan Stanley Dean Witter & Co. institutional-investor conference.
In a presentation to analysts Thursday, the online broadcaster of sports, news and music highlighted a partnership with the Nasdaq Stock Market to provide Internet broadcasting services for quarterly earnings conference calls. Shares rose 44% Thursday to $132. After its shares soared another 73% Friday, trading was halted and Nasdaq requested it comment. The company said it doesn't comment on market activity as a corporate policy. Broadcast.com closed at $197.50, up $65.50.
Under the pilot program discussed with analysts, companies in the Nasdaq 100 Index will be offered as many as four live audio broadcasts of quarterly earnings calls a year. The calls will be accessible through Broadcast.com's Web site (broadcast.com) and www.nasdaq-amex.com.
Broadcast.com already receives income from broadcasting conference calls for companies including Yahoo! Inc. and America Online Inc.
For the nine months ended Sept. 30, the company had a loss of $10.5 million, or 70 cents a share, on revenue of $11.4 million. Revenue for 1998 is expected at about $16 million.
The company went public July 17; its shares more than tripled on the first day of trading. During 1998, the stock rose as high at $103.75, finishing at $76.50.>> |
