SI
SI
discoversearch

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 : USRF - Wireless Internet Access -- Ignore unavailable to you. Want to Upgrade?


To: The Street who wrote (514)1/11/1999 6:18:00 PM
From: BONZ  Read Replies (1) | Respond to of 956
 
Check out this

NOTE THE MENTION OF HIGH SPEED INTERNET ACCESS. STOCK HAS SURGED ABOUT 150 $$ IN LAST @ DAYS, BUT THEY NEED HIGH SPEED ACCESS TO REALIZE POTENTIAL.

HANG ON EVERYBODY FOR SOME FUN IF THIS ALL CONTINUES..

ONLY 8 M USRF SHARES OUTSTANDING FOR THE TAKING.

FOCUS-Broadcast.com surges after split, conference

(Recasts, updates to close, adds details, previous DALLAS)

NEW YORK, Jan 11 (Reuters) - Broadcast.com Inc. (Nasdaq:BCST - news) shares surged on Monday after the high-flying Internet company declared a 2-for-1 stock split that followed an apparently upbeat presentation last week to top institutional investors.

The shares jumped $87.56, or 44 percent, to $285.06 in late Monday trading on the Nasdaq market.

The online broadcaster of sports, news and music stunned Wall Street on Friday when its stock jumped $65.50 to $197.50 after a presentation Thursday at a Morgan Stanley Dean Witter & Co. institutional-investor conference.

Analysts said a partnership between Broadcast.com and the Nasdaq stock market was likely a highlight of the presentation to big investors.

Broadcast.com said in early December it would begin a pilot program this year offering live audio broadcasts of conference calls that Nasdaq-100 companies make to discuss their quarterly earnings reports. The calls will be accessible through the Broadcast.com's Web site and the Nasdaq site (http://www.nasdaq-amex.com).

The Nasdaq experiment bodes well for even bigger conferencing contracts for Broadcast.com, LaSalle St. Securities analyst Daniel King said.

''If they can sign a deal with Nasdaq, they could sign a deal with ... say, the Dow stocks,'' he said.

Broadcast.com already receives income from broadcasting conference calls for companies such as Dell Computer Corp. (Nasdaq:DELL - news) and Intel Corp. (Nasdaq:INTC - news)

King said Broadcast.com's presentation likely focused on the company's move to put videos on the Web. He said the Dallas company has video facilities on its Web site that are ready to handle high-speed, high-bandwidth communications.

At present, it is difficult to watch videos on the Internet using even the highest-speed modems. Higher-speed line connections should make it much easier and make video an integral part of Internet communications.

Analysts said much of Broadcast.com's stock movement late last week also came from short-term momentum traders who bid up the price of the stock as its price and volume rose with those of other Internet stocks.

Broadcast.com said it was corporate policy not to comment on stock market activity.

Officials at Morgan Stanley Dean Witter were not immediately available for comment.

------------------------------------------------------------------------