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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Annette who wrote (16460)	5/10/1999 6:21:00 PM
From: Manly	Read Replies (1) \| Respond to of 27722

Hello Everyone! Been gone for 9 days and returned to see the s1/a has been filed. What a road so far! It's much easier if you just turn off your computer and don't get caught in the panic of people's emotions. Did anyone post this article from the tribune? Published Tuesday, May 4, 1999 NetRadio increases size of its IPO NetRadio Corp. has increased the size of its previously announced initial public offering. In a filing with the Securities and Exchange Commission, the Minneapolis-based Internet broadcaster has proposed raising $49.8 million through the sale of up to 3.8 million shares at a maximum price of $13. That's about $12 million more than NetRadio originally planned to raise in its March filing. The company hadn't specified the number of shares or their target price in its earlier filing. At $13 per share, NetRadio would be valued at $127.5 million. NetRadio lost almost $4 million in 1998 on sales of $255,000, but the company competes in one of the hottest sectors of the Internet. In March, Viacom Inc., which owns VH1 and MTV, acquired a NetRadio competitor, Imagine Radio of Brisbane, Calif. The media giant said it would invest $150 million in making Imagine a place where Web surfers could select their own music programming as well as buy music and related products. NetRadio allows visitors to choose from more than 100 programming channels. It also offers music sales through an online store. The company currently is owned by Navarre, a New Hope distributor of music and software to retailers. See Ya! Glenn