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Technology Stocks : Broadcast.com (Acquired by Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: P.T.Burnem who wrote (211)	7/17/1998 5:04:00 PM
From: Urlman	Read Replies (1) \| Respond to of 1260

Cool Nick! Was't it P.T. Barnum that said "this way to the egress" Cheers Urlman

To: P.T.Burnem who wrote (211)	7/17/1998 5:15:00 PM
From: Patricio Millas	Read Replies (1) \| Respond to of 1260

* 12:16 ET Broadcast.com Opens: You won't believe this one. Stock finally opens and is trading at 72 1/2 up 300% from its offering price of $18. This could get ugly for those investors who placed at the market buy orders for this stock before it opened. Intraday high 74. * 13:36 ET Broadcast.com (BCST) 62 +44 (+244%): At $62, BCST shares trade at 117 times trailing revenues and has a market cap of over $1 bln. To put that in perspective, RealNetworks (RNWK), which over the past four months has almost quadrupled BCST's sales, carries a market-cap of slightly over $1 bln. Even more disturbing is that this stock trades at a premium of 24% to the Price/Sales ratio awarded the granddaddy of Internet stocks, Yahoo!.

To: P.T.Burnem who wrote (211)	7/18/1998 1:09:00 AM
From: Daniel Ray	Respond to of 1260

As to the long-term prospects for BCST I won't hazard a guess, you may be correct about eventual slow-moving shorts eventually getting squeezed and the stock going up because of it. . . . However, there is a very serious gap from 18 to 58 in the BCST chart, and I think it's a safe bet that a good part of this gap will be filled in at some point this Fall. You can't short an IPO for 30 days but it will be interesting to watch this one in a market environment less favorable than today's, and at that point I won't mind draining a few points off. . . . And what exactly is the upside to this stock at $63 anyway? Best of luck to all