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

To: zurdo who wrote (4770)	1/20/1999 5:19:00 PM
From: BANCHEE	Respond to of 27722

zurdo You are right, not time to sell..This is an event stock... and we are all waiting for that.. Earnings are a side show that could push this stock either way..Hold strong and buy on weakness..with the large inets dropping, traders will be looking for something they can move up. NAVR is known by the street and they will come when time is right.. If news of IPO comes out after close, there could be a large gap up in am. Then what do you do? Chase a fast rising NAVR...We know it is coming,,Read news from yesterday..NAVR could ALSO be going some where..So there could be more than an IPO play here... " Sonic Foundry (Amex: SFO - news), a leading developer and marketer of digital audio software for the Windows platform, announced today it has signed a distribution agreement with Navarre Corporation" MINNEAPOLIS--(BUSINESS WIRE)--Jan. 19, 1999--Navarre Corporation (Nasdaq:''NAVR'') today announced the appointment of Peter Piasecki as Managing Director of its newly formed Canadian Division. Jim Chiado, Vice President and General Manager of Navarre Corporation, stated, ''Peter's extensive music industry experience and exemplary reputation made him the ideal candidate to realize Navarre Canada's tremendous growth potential. J-Bird Records was launched as the music industry's first World Wide Web recording label and was founded by Jay Barbieri in October, 1996. Since then the label has gone public and has seen its catalogue swell to more than 250 titles in that time. In addition, J-Bird Records is now represented in more than 50,000 retail accounts through the Navarre Corporation (Nasdaq: NAVR - news), the industry's leading distributor of independent record labels across the country. J-Bird's Internet visibility has continued to grow with ventures with AT&T's a2b music, Cdnow, TWEC.com and others. Ian Warfield, Vice President and General Manager of the Computer Products Division at Navarre, stated, ''We are very excited about being a distribution solution for McGraw-Hill. It is consistent with our strategy to partner with the leaders in each category. McGraw-Hill's reputation as a renowned leader in education makes their foray into the testing market a natural step for them.'' CHICAGO, Jan 20 (Reuters) - Music software company Sonic Foundry Inc. (AMEX:SFO - news) will post a 200 percent rise in fiscal first quarter revenues but expects to report a net loss of about $1 million due to costs of a key marketing campaign, company executives said Wednesday. For its first quarter ended Dec. 31, Madison, Wis.-based Sonic Foundry will post revenues in the $2.7 million to $2.9 million range, up from $935,000 the prior year, Ken Minor, chief financial officer, said in an interview, The company also expects a triple-digit increase in its current fiscal second quarter, he said. This reads to me that NAVR is looking @ future growth..... Banchee