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: Byron Xiao who wrote (4554)	1/18/1999 9:17:00 PM
From: Lane Hall-Witt	Read Replies (1) of 27722

What should happen with the spinoff is that NAVR retains its 40-50 percent stake in NetRadio as an asset that shows up on its balance sheet, but which no longer acts as a drag on its operating results. NetRadio just gets handled as shareholder equity and no longer affects the operating numbers. This is a "best-of-both-worlds" situation for NAVR and all the other companies that are looking to spin off these Net IPOs.

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