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: TheAlaskan who wrote (23366)	12/7/1998 4:30:00 PM
From: brent gephart	Respond to of 119973

Article:Navarre soars, traders cite possible IPO Monday December 7, 3:30 pm Eastern Time NEW YORK, Dec 7 (Reuters) - Shares of Navarre Corp. soared 46 percent in heavy trade on Monday amid excitement that the company could soon sell its Internet unit to the public, traders said. Shares of the Minneapolis-based software and music distributor rose 3-5/8 to 11-1/2. When asked about a possible initial public offering of its NetRadio online unit, however, Spencer Moss, director of business development at Navarre, said no terms had yet been filed with the Securities & Exchange Commission and that he could not comment further. But traders speculated that the company might file terms with the SEC for the offering. ''What's happening to the Internet ones is that anyone who has an Internet business has a fiduciary duty to spin it off to a general public,'' said one over-the-counter trader. ''I think that's what's happening here.'' ''(Navarre is) one of those wild stocks that gets caught up in the frenzy,'' said another trader. The company this summer said it planned to file the offering, but it has not yet done so. --------------------------------------------------------------------------------