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.

Technology Stocks : Broadcast.com (Acquired by Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: DonJuan de Rothschild who wrote (350)	1/15/1999 12:20:00 AM
From: neverenough	Read Replies (1) \| Respond to of 1260

From todays Bull Market Report, $$$$$ ADDING BROADCAST.COM (BCST) TO OUR INTERNET LIST We hereby add Broadcast.com (BCST) to our Internet List. Broadcast.com is a firm that provides audio and video on the web. The firm is a broadcaster of streaming media programming on the Internet. They broadcast programming from 350 radio stations, 17 TV stations and cable networks and sports for over 350 college & pro teams. For the 9 months ended 9/98, revenues rose from $4.5 million to $11.4 million with losses continuing. We feel that this business will become very big as the Internet grows and as bandwidth increases. (Right now, my computer is so slow Im about ready to jump out of my window. Of course, we are on the Ground Floor, so Im not that stupid!) But seriously, as ADSL and cable modems become widespread, and users have a more pleasing experience with the Internet, companies like Broadcast.com will be poised to take advantage of this revolution. Broadcast.com has had quite a run of late. It had an IPO in July of last year at $18 or so and closed the first day at $63, setting the record for the greatest increase in an IPO ever. It stayed in a range of $32 to $90 for the remainder of 1998 until just this month when it skyrocketed to $289. It has now come down a bit to close today at $154, down 16 for the day. We are adding Broadcast.com but we are not naming the price. We are going to buy it if reaches the $165 to $185 range, but we are not going to buy it if it continues to go down for a few days or weeks. In fact, well buy it lower if the price retreats. This is the definition of a buy stop. We are going to buy it ONLY if it reaches our target price. We cannot go into any more detail than this but we will put out a News Flash when it reaches our target price. DO NOT buy this stock just because we are buying it. Analyze it, study it and make up your own minds. This is a very risky stock and is not suitable for all investors. After all, it has no earnings! The company has 17,000,000 shares outstanding and at the current closing price, is worth over $2.6 billion. The firm is based in Dallas, Texas. 214-768-6660