Let's just thank INTC and MOT for having played a role., Keith. H.
The fact is, we don't need 'em.
I've commented on INTC and the story's the same for MOT. Business is tough in cellular and DSPs, and then there's Iridium. MOT has its hands full. It's neither a media company nor an Internet portfolio player, and we wouldn't want it to be. Look, MOT shareholders need the money. It had invested about $20 million in BCST, I believe, and took a huge gamble. At the time of the BCST IPO, MOT owned 2,364,256 shares and was BCST's largest corporate shareholder (see link below; go to BCST's 07/17/98 Prospectus and bring up Table 12). It will keep some money invested.
Let's understand what all of this means. What it *doesn't* mean is that individual investors and daytraders are looking at a black hole. Not a chance. Between recent corporate investor sales, the upcoming split, and the imminent initiation of options, we'll be increasing the float and liquidity just enough to allow mutual funds and other institutions to get in. The investor base will broaden out. Very bullish. This liquidity will also inspire more Wall Street coverage, as the "Wise" are ever-reluctant to recommend stocks whose markets aren't "orderly." Gives 'em heartburn.
So look for BCST in the portfolio of a mutual fund near you (hey, they loved "Victoria," too), and if you can afford it, buy a little more. Most of all, just keep your eyes on the road. After all, it's the Indy "500".
And let Yahoo posters make noise. We'll just make "rock 'n roll."
BAM
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