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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: Annette who wrote (5215)1/26/1999 8:59:00 AM
From: Dave  Read Replies (2) of 27722
 
Annette,

While some of the news (restating earnings and lower earnings vs last year same Q) is not positive, most of it is behind the company. Reducing the bank debt to zero is excellent and really improves the balance sheet. I would think that a spin-off of NetRadio would greatly improve NAVR's financial situation. It would remove the drain on earnings plus add increased assets to their balance sheet. Since most of the bad news is behind them and the street values companies looking forward, I would expect the report to be viewed as cautiously optimistic. I am sure that if the NetRadio IPO isn't addressed in the CC, someone will ask a question about it.

As far as what the stock price will do, it's anyones guess. I still view a drop as an opportunity to buy more at a lower price in anticipation of the IPO.

FWIW,

Dave
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