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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?

To: Scott C. Lemon who wrote (1638)	1/27/1999 12:46:00 PM
From: neverenough	Respond to of 5843

January 27, 1999 12:33 BancBoston Robertson Stephens Raises Estimates on RealNetworks, Inc. SAN FRANCISCO, Jan. 27 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens networking software analyst John F. Powers today maintained his Buy rating and raised estimates on RealNetworks, Inc. (Nasdaq: RNWK). The company, headquartered in Seattle, Wash., is a leading provider of branded software products and services that enable the delivery of streaming media content over the Internet and intranets. "Due to the company's above-expected fourth quarter revenue and earnings results, we are raising our 1999 revenue estimates from $95 million to $99 million and earnings per share from a loss of $0.04 to a loss of $0.00," said Powers. "In addition, we are introducing fiscal year 2000 revenues of $136.5 million and earnings per share of $0.26. "At its current market cap/revenue of 21.6 times for fiscal year 1999 and 15.7 times for 2000, we rate the stock a Buy," said Powers. Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. SOURCE BancBoston Robertson Stephens /CONTACT: Elizabeth Keys of BancBoston Robertson Stephens, 415-693-3334 / /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 110914/ /Web site: rsco.com