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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: katmando who wrote (11220)3/11/1999 4:22:00 PM
From: stiltz1  Read Replies (3) of 27722
 
The fact is: navarre owns 85% of netradio; rajiv's calculations leave out an enormous amount of imponderables -- which of course will affect the stock price: teh amount of shares initially offered; the demand for the shares; how they are divided by the underwriter; the pent-up demand; the initial enthusiasm, and the impact of navarre's first quarter earnings statements. The shares issued to the public are owned by navarre; so it seems the 50% number is erring on the low side. Again, let the lesson of previous ipos be the guide: how high navarre; a lot depends on how high netradio: given what the nets have been doing teh past several months, rajiv's calculations have no way of taking that into account. Mall owned a much lesser portion of ubid and Mall's initial run was stupendous. Again, when looking at rajiv's figures, remember: this guy's a professional shorter or as he politely puts it "trader".
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