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

To: SouthFloridaGuy who wrote (284)	12/9/1998 2:31:00 PM
From: SouthFloridaGuy	Respond to of 1260

Puff Daddy, HOW DO YOU DO IT? YOU POSTED ON DEC 1ST AND NOW LOOK? Broadcast.com Shares Rise on Agreement With Nasdaq Dallas, Dec. 9 (Bloomberg) -- Broadcast.com Inc. shares rose as much as 25 percent after the top Internet broadcaster and the Nasdaq Stock Market formed a partnership to transmit earnings conference calls over the Internet. Terms weren't disclosed. Stock of the online broadcaster of news, sports and music rose 13 1/8 to 67 7/8 in midafternoon trading of 1.56 million shares, more than six times its three-month daily average. Earlier, shares touched 68 5/8. Dallas based-Broadcast.com, which had sales for the nine months ended Sept. 30 of $11.4 million, will further expand its audio and video services by offering live quarterly earnings conference calls in a pilot program for Nasdaq 100 companies. Broadcast.com already receives income by broadcasting conference calls for companies such as America Online Inc., Intel Corp., Microsoft Corp. and Yahoo! Inc. ''The agreement validates Broadcast.com as the leading company to provide broadcasts over the Internet.'' said Daniel King, a research analyst at LaSalle Street Securities Inc. ''It'll improve the visibility and improve the traffic to their site and could potentially boost their advertising income,'' said King, who reiterated his ''buy'' rating on the company today. Nasdaq 100 companies can begin utilizing the service in early 1999, Broadcast.com said. Each company can broadcast as many as four quarterly conference calls a year. Broadcast.com said it will host the calls on its Web site, which receives 500,000 views a day. Todd Wagner, chief executive of Broadcast.com, said the company has been offering earnings conference calls for the past three years.