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

To: Byron Xiao who wrote (4561)	1/18/1999 9:37:00 PM
From: Lane Hall-Witt	Respond to of 27722

I agree that I'd like to see NAVR retain more of the company. If they do indeed go ahead and sell off so much of their share, I would imagine they'd create Class A and Class B common shares, with different voting weights. Class A shares go to the public and employee stock plans, etc., and hold one vote apiece. Class B shares stay with NAVR and hold five votes apiece. That way, NAVR could effectively retain control over the company, even as they spread out shareholder equity more broadly. See the structure of TNO's spinoff of Modem Media.Poppe Tyson for an example of how this could be done.