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

To: Lane Hall-Witt who wrote (4559)	1/18/1999 9:21:00 PM
From: Byron Xiao	Read Replies (1) \| Respond to of 27722

What should happen with the spinoff is that NAVR retains its 40-50 percent stake in NetRadio as an asset that shows up on its balance sheet, but which no longer acts as a drag on its operating results. NetRadio just gets handled as shareholder equity and no longer affects the operating numbers. This is a "best-of-both-worlds" situation for NAVR and all the other companies that are looking to spin off these Net IPOs. OK, that's great, but why not keep 75% and only spin off 10%? Wouldn't we have the best of all in the world? And if they are only keeping 40%, they are running the risk of someone else will become majority holder and takes total control of Netradio, then the NAVR new CEO is even more stupid than I think he is.