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

To: Bald Man from Mars who wrote (3491)	1/7/1999 5:47:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 27722

BMFM, Paying 11 3/8 is still a bargain given the potential. Let's see BCST, a leading video broadcaster on the net, has a market cap of $2.3 B. It's anybody's guess what WS will value this leading radio broadcaster. In the absence of IPO info, let's just assume NAVR will retain 70% ownership post-IPO for some back-of-the-envelop estimates. Using a range from 1/10 to 1 times BCST's market cap, and assuming NAVR's core business has a value of $6. Here are the scenarios: NetRadio MC NAVR's intrinsic NAVR market $MM value, $/share value, $/share ------------------------------------------------------------ 250 13 19 500 26 32 1000 52 58 1500 78 84 2300 119 125 ------------------------------------------------------- Place your vote and your bet! On top of that, there're 2 MM shares short (1/3 of the float) which should add more fuel to the "rocket". Regards, Tom