To: STEAMROLLER who wrote (310 ) 8/18/1998 12:56:00 PM From: Baghul Respond to of 1561
NAVR is acting up again Up 10% on decent volume Short interest as of last month is 2.9 mil! The float is around 4 mil shares. Short squeeze right around the corner. Also got upgraded yesterday. Here it is Delphi Financial Corporation Initiates Coverage of Navarre Corporation MINNEAPOLIS--(BUSINESS WIRE)--Aug. 17, 1998--Delphi Financial Corporation announced it had initiated coverage of Navarre Corporation (Nasdaq:NAVR - news; NASDAQ: ''NAVR'') with a ''Buy'' recommendation. The report, written by Paul Laufer cited Navarre as '' ... well positioned to expand upon its leading position in the distributed personal computer software market ... expanding its product offerings to include DVD products ... has the infrastructure in place to expand revenue ... A Navarre/NetRadio strategic alliance creates a complete integration of customer, product and supply chain.'' Mr. Jack Levi, President of Delphi Financial Corporation stated, ''I am very pleased that Delphi is the first to publicly recognize the potential of Navarre after the recent infusion of capital. This capital will substantially accelerate Navarre's growth. Paul Laufer points out a number of potential growth areas for Navarre, which may not have yet been discovered by the market. We believe that NetRadio is the world's largest provider of original audio programming on the internet with close to 1 million visits per day. Navarre has publicly stated that it is their intent to file a registration statement for the public offering of NetRadio.'' Delphi Financial Corporation is a Minneapolis based institutional Investment Banking firm that focuses primarily on arranging private financings of $5 million to $50 million for both public and private companies. Delphi Financial's specialized services are for clients that generally have revenues from $25 million to $500 million. Delphi Financial specialized services include: Private Investments in Public Equity (PIPE), Private Equity Placements, Private Placements of Convertible and Subordinated Debt, Initial Public Offerings and Research Coverage and Support. Delphi Financial Corporation's officers or stockholders may have a position in and may from time to time purchase or sell any of the securities mentioned in its reports. Additionally, Delphi Financial Corporation has acted as an agent for the securities of Navarre Corporation in the past three years.