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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (15314)	7/16/1998 8:56:00 AM
From: Johnathan C. Doe	Respond to of 53068

Week's Hot IPO: Unlike NETG, there is already a buzz about Web site broadcast.com (BCST), despite the extremely aggressive level at which this deal is being offered. The Morgan Stanley Dean Witter led IPO is expected to price this week between $11 and $13 a share. broadcast.com (formerly AudioNet Inc) is an aggregator and broadcaster of streaming media programming on the Web. The company delivers hundreds of live and on-demand audio and video programs to hundreds of thousands of users. broadcast.com's Web sites offer a large selection of live and on-demand audio and video programming, including sports, talk and music radio, television, business events, full-length CDs, news, commentary and full-length audio-books. The company broadcasts on the Internet 24 hours a day seven days a week, and its programming includes more than 345 radio stations and networks, 17 television stations and cable networks and game broadcasts and other programming for over 350 college and professional sports teams. broadcast.com's Business Services Group provides Internet and intranet broadcasting services to businesses and other organization, including turnkey production of press conferences, earnings conference calls, investor conferences, trade shows, stockholder meetings, and product introductions. In March 1998, the company's Web sites served a daily average of over 400,000 unique users and its principal Web site was ranked in the top 20 among all News/Information/Entertainment sites according to Media Metrix.. In December 1997, the company issued 2.3 mln shares of common stock for $21.6 mln or $9.42 per share to new and existing stockholders, including Motorola, Intel and Yahoo!. Fundamentals Shares Outstanding: 16.88 mln (market-cap $219 mln based on a $13 pricing) Revenues: FY96= $1.76 mln;FY97= $6.86 mln (290%); Q4 ('97)= $1.09; Q4('98)= $3.18 mln (+192%) Earnings (Net Loss): FY96= $(0.31); FY97= $(0.55); Q4 ('97)= $(0.09); Q4('98)= $(0.19) Price/Sales Ratio (trailing 12-months): broadcast.com= 24.5; RealNetworks (RNWK)= 26; Cnet (CNWK)= 20; DoubleClick= 22.