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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (402)	3/10/1999 8:03:00 AM
From: Rajiv	Respond to of 954

NAVR insiders have sold around 1.16 million shares over the last 3 months. As the 144s have been filed for a larger #, we are probably yet to see all the form 4s. Before someone says that this is only a minor % of their holdings - the last proxy filing indicates that the insiders owned around 3.32 million shares. They can get another 2 million shares from preferred stock conversions, warrants and options (these 2 million shares are not included in the 23 million outstanding shares). Taking advantage of this pre-NetRadio hype, the insiders have sold around 30% of their current common-stock holdings. The float is currently around 21 million shares I am very confident that a major part of their remaining holdings will be dumped just before / around the IPO (if it ever takes place). Regards. Rajiv