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

To: Derald Muniz who wrote (1709)	12/7/1998 9:56:00 PM
From: Ron	Respond to of 27722

NAVR news update Navarre Up 39%;Possible Spinoff Of NetRadio Unit By Nancy Beiles NEW YORK (Dow Jones)--Navarre Corp. (NAVR) shares surged nearly 40% Monday as word filtered through the market that the company intends to spin off its NetRadio unit. Navarre's Internet radio business has been the darling of company watchers and the company is widely expected to spin off NetRadio in an initial public offering, a trader said. A company spokeswoman confirmed that Navarre will spin off NetRadio, but said the company has not yet registered a filing with the securities and Exchange Commission on the matter. She declined to provide further details. In order to spin off NetRadio in an IPO, Navarre would have to file documents with the SEC detailing its plan and it might have to get shareholder approval for it depending on how the deal is structured. Given the current investing milieu, in which businesses with even a marginal connection to the Internet have seen their stocks catapult to lofty levels, an IPO of NetRadio, an Internet radio network, would likely attract strong interest.