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

To: Street Walker who wrote (1079)	12/2/1998 10:31:00 PM
From: Frank Chen	Respond to of 27722

Has anybody tried to calculate how much is netradio worth? According to CBS Market Watch, ValueVision paid $2 million for 15% of the stake in NetRadio earlier this year, that give the valuation of NetRadio about $12 million. So assume the IPO is worth about $24 million, and on the openning day, it go up 4 times, (that should be conservative). That give the NetRadio about $96 million. Currently, there are about 7 million outstanding share for NAVR, before the IPO news, the stock is about $4~5 range, that gives the none NetRadio part about $30 millions. The 85% of NetRadio worth about $80 millions. So navarre should worth about $110 million, which is about $16 per share. Of Course, if the IPO up ten fold, that's another story. The unknown part of the above calculation if how much will the banker value the IPO, here we just made a bold assumption of $24 million, which we have no base from. Is there anybody out there has this kind of information?