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.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: moby_dick who wrote (16546)	3/3/1999 12:59:00 PM
From: moby_dick	Respond to of 122087

NAVR - from briefing.com: 12:20 ET ****** NAVARRE INC (NAVR) 16 3/16 +1 3/8. Shares of New Hope, MN-based, Navarre Inc, have been a favorite among traders over the past six months, as the prerecorded music and personal computer software distributor has continuously dangled in front of their noses the prospect of taking its NetRadio subsidiary public. Today, Navarre took a major step in that direction when NetRadio made an S-1 Registration Statement with the Securities and Exchange Commission to sell up to $37.4 million of its common stock in an initial public offering. The company named EVEREN Securities as the lead underwriter of the proposed offering. After riding Navarre shares from the low single digits to a high of $27, investors/traders are finally given the opportunity to decide whether the numbers support the hype. Description: NetRadio is a broadcaster of original audio content programming on the Web. The company broadcasts more than 120 channels of music, news, sports and entertainment information 24 hours a day. Financials: For 1998, net revenues decreased to $255,062, from $330,921 in 1997 and $320,661 in 1996. The company incurred a net loss of $3.915 million during the most recent fiscal year. Listeners: Independent consultant Nielsen/I-pro estimated that over 880,000 unique visitors listened to the company's 120 music and news channels in December 1998. Beneficial Ownership: Navarre currently owns 77% of NetRadio common shares, while direct marketing company, ValueVision (VVTV 9 +3/16), holds a 22% stake.