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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?


To: Annette who wrote (19970)7/7/1999 8:33:00 AM
From: Scott Kleinhans  Read Replies (1) | Respond to of 27722
 
Annette

Here's another article on HITS

July 7, 1999 7:40am

THE DAY AHEAD: Musicmaker.com's sales anything but a hit

By Larry DignanTDAIN ZDII


Musicmaker.com (Nasdaq: HITS) will go public Wednesday with the following recipe for success: Take all the hype surrounding music on the Internet, cash in on a trendy ticker and pray no one notices you have less revenue than many Silicon Valley secretaries.

Cut through all the talk of potential and consider this: Musicmaker's 1998 revenue was $74,028. First quarter revenue was $20,160.

No, those sales figures are not typos. There are no more zeroes to be had. You are being duped. Folks, Musicmaker is betting that investors don't read the filings with the Securities and Exchange Commission. Looks like Musicmaker won its bet. Musicmaker got its money, pricing its 8.4 million share offering at $14. The original range was $12 to $14. Ferris Baker Watts is the lead underwriter.

zdii.com



To: Annette who wrote (19970)7/7/1999 8:48:00 AM
From: Matt Davis  Respond to of 27722
 
8,400,000 shares at $14!

This company, HITS, is a lot worse than NETR. But, if it does ok today, it is an indication for NETR.

Take a look at SRCH. It was dead during IPO 2 weeks ago (IPO at $9) and it went down to $6 1/2. Yesterday, it hit a high $16 3/4 and closed at $12 3/4. Go figure.

Now we just need Paulson to move his butt and get on with the IPO!