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.

Technology Stocks : AHWY -- AudioHighway.com -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (242)	4/7/1999 6:34:00 AM
From: DanielleC	Respond to of 399

Audiohighway.com shares jump 30 pct on audio/video frenzy By Monica Summers NEW YORK, April 6 (Reuters) - Shares of audiohighway.com <AHWY.O> jumped almost 30 percent on Tuesday fueled by the frenzy over audio- and video-related Internet stocks following Yahoo!'s <YHOO.O> $5.7 billion buyout of Broadcast.com <BCST.O>, the top supplier of such content over the Internet. audiohighway.com shares closed at $17.375 on the Nasdaq, one of the nascent company's biggest gainers thus far and a new 52-week high. More than 3.5 million shares were traded on Tuesday, more than five times the average daily volume. Cupertino, Calif.-based audiohighway.com, which went public in December, joined other audio and video-related stocks such as TCI Music Inc. <TSATB.O>, which was the largest gainer on the Nasdaq jumping more than 260 percent to close at $89, and RealNetworks <RNWK.O>, which closed up more than $40 at $195.44 a share. With bandwidth no longer being a problem for most Internet users, quick and smooth downloadable and live streaming audio has become a staple in the surfer's diet. More Web users are able to listen to live music via their favorite Internet radio stations, and technologies such as MP3 and Diamond players are making it possible to download and record to CD pop music's bestsellers. Many times this audio and video content is free. Yet audiohighway.com has not experienced the same stellar price per share that other recently-public Internet companies have, primarily because it has lacked the exposure and revenues to push it into the limelight. Still, analyst John Paulson of Paulson Investment Co., agreeing that the Internet audio sector is being bought up in reaction to Yahoo!'s buyout of Broadcast.com, said he believes with time audiohighway.com could have the potential to reach similar price levels with an increase in exposure and revenues. "I think that they have some good technology and some very experienced management, and they've signed some very large deals," Paulson said, referring to the company's recent deals with BarnesandNoble.com and Microsoft. "I think they definitely have the potential to be a big player in the audio sector on the Internet," he said. "Whether or not they'll reach the level of Broadcast.com or RealNetworks, only the market will say." Grant Jasmin, co-founder and chief operating officer of audiohighway.com, suggested that the market may finally be recognizing the information and entertainment company, which offers downloadable and live streaming audio from the Internet via its Web site (www.audiohighway.com). "We haven't had a real broad following and I think that what's happening is that the smarter people on Wall Street are beginning to see that we're a player," Jasmin said. "And the other players in our space are at a much higher value. "We're part of a new and undeveloped space on the Internet and we're definitely a player and we're at the front of it," Jasmin said. "We've been at this long enough that we hope we know what to do." The company reported fiscal results on March 31, with a 1998 net loss of $5.8 million, or $5.12 a share, over a 1997 loss of $3.7 million, or $4.11 a share. Revenues for 1998 increased to $139,000 over revenues of $4,000 in 1997. 19:17 04-06-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

To: SouthFloridaGuy who wrote (242)	4/7/1999 10:50:00 AM
From: Jon Stept	Read Replies (1) \| Respond to of 399

Puff- re:"The stock has a lot more to go..." Hi Puff, This stock exposure stage reminds me of efax- relatively unknown, initial exposure to public, momentum players get in and bring it up with shorts getting in on the game too. However, AHWY is not just a momentum play... it is in the midst of a serious webcasting and audio consolidation updraft. And this updraft is in a massive broadband wave that is just breaking. Just look at the news of the past few weeks... it is moving really, really quick...Yahoo, Broadcast, Liberty, Tune, and today BGM and Universal within days of each other. I think the broadband wave is really goosing this phase and they are all scrambling after Yahoo got Broadcast. Way different than EFAX... I played EFAX, bought and sold... AHWY is going to get picked up just like search engines did. Major eyeball, content and distribution assets for the upcoming broadband players. This is probably going into my investments and not just a trade, although the price will be volatile. In my opinion. Hope everyone makes some money on this longs and shorts! Keep up the picks! Jon :)