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Technology Stocks : RealNetworks (NASDAQ:RNWK)

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To: Scott C. Lemon who wrote (1554)1/12/1999 12:36:00 AM
From: Estephen  Read Replies (2) of 5843
 
Real networks is the dominant master in streaming media :)
Here's one of the parts of today's upgrade I like..

<<90 percent of the content Internet in its RealPlayer format.>>

Monday January 11, 12:42 pm Eastern Time
RESEARCH ALERT - RealNetworks raised
NEW YORK, Jan 11 (Reuters) - Friedman Billings Ramsey & Co. on Monday said analyst Rob Martin raised his rating on the shares of RealNetworks Inc. to buy from accumulate, and set a 12-month price target of $75 per share.

-- RealNetworks is poised to be leading beneficiary in growing Web streaming media market, with 90 percent of the content Internet in its RealPlayer format.

-- Advertising revenue opportunies have potential to grow more rapidly than expected.

-- Company has 43 million registered users, and downloads of its Internet audio/video player have increased to 150,000 a day from 125,000 a day in mid-1998.

-- Shares traded up 7-1/4 to 57-1/4 in afternoon trade on Monday.

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