To: Paul K who wrote (355 ) 3/26/1998 5:52:00 PM From: Seni Sangrujee Read Replies (2) | Respond to of 5843
from briefing.com : REALNETWORKS INC (RNWK) 24 +1 5/16. A dollar here, 75 cents there, by the end of the week an investor is sitting on a nice percentage gain if the stock is starting off from the teens. That is exactly the course that RNWK shares have taken over the past month, never really surging like most Internet stocks have, simply taking a few steps forward everyday. This recent activity is in stark contrast to RNWK's performance immediately following the $12.50 per share, November 21 IPO of the Internet sound and video transmission software developer. From November to February, RNWK shares were extremely volatile. (Chart) However, since the beginning of this month, the stock has done nothing but climb, tacking on approximately 9 points, or 60%. What has accounted for the steady rise in the shares? Nothing too profound-- the hot money has been flowing into Internet stocks, particularly recent IPOs that failed to fly in the first few months. However, it is somewhat surprising that it has taken investors so long to climb aboard this play, considering the company's dominant position in its space and strong brand recognition. Now that the stock has been picked up on investors' radar screens, let's see how RNWK stacks up against some of its peers. Fundamentals Market Cap: RNWK= $663 mln; VeriSign (VRSN)= $846 mln; Netscape (NSCP)= $1.77 bln Sales (trailing 12-months): RNWK=$28.15 mln; VRSN=$9.38 mln; NSCP= $530.79 Price-To-Sales Ratio: RNWK=23.5; VRSN=90; NSCP= 3.33 Yr/Yr Sales Growth Rate: RNWK= n/a; VRSN=594%; NSCP= 53% Sequential Sales Growth (latest qtr): RNWK= 29%; VRSN= 25.7%; NSCP= -16.5% Analyst Recommendations: RNWK= 3 buy, 2 hold; VRSN= 1 strong buy, 3 buys, 2 holds; NSCP= 1 strong buy, 3 buys, 9 holds.