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Technology Stocks : RealNetworks (NASDAQ:RNWK)
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To: Pruguy who wrote (1616)1/22/1999 1:18:00 AM
From: HerbertOtto  Read Replies (2) of 5843
 
RNWK has $100M Cash!
I wrote this into Yahoo! board but got no response. Try Here.
Per MarketGuide, as of 1-20-99, RNWK has about $100M in cash!.
No wonder we need a poison pill. At the current cash 'burn' rate of .05/sh/ qtr, or $1.5M , the future is certain for years. What to do with the cash? Speed growth? Acquisitions? - waiting for a big Internet correction to buy something cheap? At least we don't have to worry about a secondary at low prices to desperately raise cash. Perhaps a small secondary at higher prices... 2 analysts have targeted $100 for RNWK recently. RNWK needs to grow to attract institutional investors. Acquisitions would help. Also needs more shares in the float - a 2-1 split would help. What will happen to that $100M cash?

I added a bit today at 53 1/2. Will add more under 50 if seen. Chart looks like 45 - 46 will give some support. 40 dma at 41. Would like to see the high-volume upside breakout above the old highs hold at 49. Would help establish a new base at 50, and project new trading range of 50 - 100. With earnings due 1-26 or 1-27, we could get another try for new highs above 71 before testing 49.
There is so much negative talk again today about Internet stocks that much of the selling may be over - short term. Barton Biggs was unable to hold down the DJIA since October. Now he is picking on the Internet group. Funny that he waited for YHOO to come down from 440 to 280 before speaking up. And AMZN from 190 to 110. BCST from 280 to 120. Thanks Barton.

Good luck, RNWK longs!
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