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Technology Stocks : Broadcast.com (Acquired by Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: B. A. Marlow who wrote (985)	3/28/1999 8:03:00 AM
From: Craig A	Read Replies (1) \| Respond to of 1260

From David Alger, author of Raging Bull, in interview with today's Bear-ons. 'Q: Another stock, please. A: Broadcast.com. It sells around 100. It has a slightly different business. It takes corporate communications and distributes them over the Internet. You may have seen the Victoria's Secret conference call. That was handled by Broadcast.com. It's probably the most effective way to disseminate corporate information across a large spectrum of people. The Internet really lends itself to conference calls, video conferencing, video display. That's what Broadcast.com handles. It has its own content provider. It's locking up content music, content sports. It's archiving video. The important thing to understand is right now, having full-motion video conferences doesn't work very well with the Internet because of the bandwidth problem. It will be solved in a variety of ways. One is the new Pentium chip. The second is the cable modem. And suddenly, the Internet will be the best way to distribute video products of any kind. They're locking up the corporate end of the market. Q: Do earnings matter in this case? A: Obviously, it will have great earnings within five years. This year Broadcast.com should have revenues of $60 million. We anticipate revenues of $500 million in 2003. So the company could earn $100 million, or $2.60 per share, on the current-share base. Consequently, a doubling in the stock by the end of 2003 would be logical.