Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Kathy Riley who wrote (16963)	11/27/1998 8:58:00 AM
From: Susan Saline	Respond to of 119973

NAVR last 5 7/8 currently bidding 8 >>> Susan, I hope you are still holding your NAVR shares <g>.<<< Yup I sure am ... :o) biz.yahoo.com*http://cbs.marketwatch.com/archive/19981125/news/current/navr.htx?source=blq/yhoo&dist=yhoo Shares of Navarre Corp. (NAVR) rose 13/16 to 5 7/8 on enthusiasm for Internet stocks, particularly in the e-commerce sector. See Net Stocks. Navarre first announced its intention to take NetRadio public in July, but those plans "slowed down when the market tanked," said Navarre CEO Eric Paulson. Paulson declined to comment on a specific timetable for the filing with the U.S. Securities & Exchange Commission, saying only that the company has hired an investment bank to handle the offering and is "working on [the filing] as diligently as possible." He declined to talk about other specifics of the IPO, including the name the banker working on the offering and the percentage of NetRadio Navarre plans to sell to the public. New commerce initiative In the past month, NetRadio has upgraded its www.netradio.com site to integrate content with a www.CDPoint.com commerce site. The company plans to launch a national $2 million cable advertising campaign. Home shopping cable channel ValueVision gave Navarre the ad time in return for a 15 percent stake in NetRadio earlier this year. NetRadio's site has attracted about 4 million unique listeners, said Paulson, who declined to discuss revenue numbers. "The revenue just started, but you'll see those number in the [IPO prospectus]," he said. Though Navarre shares are still about three times where they were at the beginning of the year, Paulson said the stock is being punished for its ownership of NetRadio. Money spent to develop the online sites have made the distributor unprofitable, which has upset the company's older value-oriented investors, he argued. "With an IPO, Navarre gets profitable. NetRadio gets financed, to the point so that it can become profitable and Navarre also gets a very tangible asset on its balance sheet," Paulson said. The distributor advantage NetRadio's close ties to Navarre will provide a big advantage over rivals like CDnow (CDNW), N2K (NTKI), Ktel (KTEL) and Amazon.com (AMZN), the executive said. Customer orders are automatically shipped to Navarre's fulfillment center, which can then quickly get the product to the customer. "The cost advantage of not having to buy from a third-party distributor is huge." Earlier this month, Barnes & Noble announced plans to purchase its major distributor. NetRadio, which recently hired a chief financial officer, is now looking to hire a new chief executive to replace Paulson.