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.

Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: John T. Hardee who wrote (462)	11/27/1998 2:03:00 PM
From: IRVINESULLY	Respond to of 27722

FYI...ENJOY MINNEAPOLIS (CBS.MW) -- Navarre Corp. shares more than doubled Friday after the music and software distributor's chief executive told CBS.MarketWatch.com that the company is planning to file soon for an IPO of its NetRadio online unit. Shares of Navarre Corp. (NAVR) rose 6 5 /16 to12 3/16 Friday, or 107 percent, making Navarre the No. 2 percentage gainer on the Nasdaq. With volume of more than 20 million shares, Navarre was also the second most actively traded stock on Wall Street. Navarre wasn't the only Internet-related stock rockin' and rollin' on Friday. Among the other big winners: Books-A-Million (BAMM), Egghead.com (EGGS), Connect (CNKT) and Onsale (ONSL)."Investors should be cautious about the power of the leading brands on the Internet," said Vernan Keenan, president of San Francisco-based market research firm KennanVision. "The success of Yahoo! and Excite compared to Infoseek and Lycos should prove that the boys that are there first get all the attention." But the resurgence of lesser-known Internet stocks,Keenan said, "shows that people are searching for any kind of Internet play." Navarre first announced its intention to take NetRadio public in July, but those plans "slowed down when the market tanked," Navarre CEO Eric Paulson said Wednesday.NetRadio streams music and news to users in a multichannel, radiolike station format. The company also operates the CDPoint music retail site. Paulson declined to comment on a specific timetable for the filing with the U.S. Securities and 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 also declined to talk about other specifics of the IPO, including the name of the banker working on the offering and the percentage of NetRadio that Navarre plans to sell to the public. In the past month, NetRadio has upgraded the www.netradio.com site to integrate content with its 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 said he would not discuss revenue figures. "The revenue just started, but you'll see those numbers in the [IPO prospectus]," he said. Though Navarre shares are now at six times their value at the beginning of the year, Paulson said the stock has been punished for Navarre's 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 said. "With an IPO, Navarre gets profitable. NetRadio gets financed, to the point that it can become profitable. And Navarre also gets a very tangible asset on its balance sheet," Paulson said. NetRadio's close ties to Navarre will provide a big advantage over such rivals as CDnow (CDNW), N2K (NTKI), K-tel (KTEL) and Amazon.com (AMZN), the chief 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," Paulson said, "is huge." Earlier this month, Barnes & Noble (BKS) announced plans to purchase its major distributor. NetRadio, which recently hired a chief financial officer, is now looking to hire a new CEO to replace Paulson. Darren Chervitz is a reporter for CBS MarketWatch CBS MARKETWATCH RT CBS MARKETWATCH LIVE © 1998 MarketWatch.com, L.L.C. All rights reserved. Disclaimer. MarketWatch.com is a joint venture of CBS and Data Broadcasting Corporation. CBS and the CBS "eye device" are registered trademarks of CBS Inc.

To: John T. Hardee who wrote (462)	11/27/1998 2:04:00 PM
From: Manly	Read Replies (1) \| Respond to of 27722

More news on NAVR - this stock will be hot for some time with all the attention it's receiving! Got in today for 4000 at 8.875. this is going to be aas much fun as MALL has been. Happy holidays to all NAVR buyers! This came from CNN.FN! Navarre hits high note Stock surges as prerecorded music distributor prepares public offering November 27, 1998: 12:22 p.m. ET CNNfn market movers - July 9, 1998 Internet proves inconstant - July 9, 1998 Navarre Corp. NetRadio NEW YORK (CNNfn) - Navarre Corp. was singing a happy tune Friday as the distributor of prerecorded music saw its stock shoot up 91 percent. The news follows Navarre's, [NAVR] announcement that it was planning to file an initial public offering for NetRadio, its online music and commerce unit. "The way the market has been treating other Internet stocks," said Dennis Nielsen, analyst with R.J. Steichen, "this would be a great environment to do that (launch the IPO.)" Nielsen said Navarre's stock has jumped in the past and "it was always related to speculation that something was going on with NetRadio." Based in New Hope, Minn., Navarre distributes prerecorded music and personal-computer software. The company, which owns 85 percent of NetRadio, had planned to take NetRadio public in July, but pulled back after a market slowdown. Also in July, Navarre announced a deal to supply Barnes & Noble's online book-selling service with consumer software. Company officials were not available for comment Friday. Navarre was up 5-7/8 to 11-3/4 in late-morning trading.

To: John T. Hardee who wrote (462)	11/27/1998 4:06:00 PM
From: LTK007	Read Replies (4) \| Respond to of 27722

John we are #1 on the hot list--we have been discovered--good luck,Max

To: John T. Hardee who wrote (462)	11/27/1998 6:08:00 PM
From: toothid	Respond to of 27722

John: Have seen you post here months ago. I have been a long termer on NAVR since last May.I have witnessed this stock do the "12's"before. My question to you is about the IPO. Obviously being a 85% owner of the IPO, if successful, will be good for shareholders. Is this a "spin off" deal to shareholders or strictly a separate offering to come in the future?? Secondly will current shareholders of NAVR have access to the pre-offered shares of Net Radio IPO.? Thirdly, can anyone confirm the report on thisthread about Everen Securities as the firm to initiate the stock offer?? Thank you in advance. sincerely Doc