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

To: KZAP who wrote (612)	11/29/1998 10:17:00 PM
From: Maryann M	Respond to of 27722

KZAP, I found the article below on CBS Market Watch. Go NAVR!!!! M Navarre revives NetRadio IPO, and stock surges . . . 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 to 12 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. "With an IPO," CEO Eric Paulson told MarketWatch on Wednesday, "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."