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To: Bill Harmond who wrote (56967)	5/16/1999 11:52:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164685

>> you lucked out with COMS due to buyout speculation! COMS has one growing product, Palm Pilot. The rest of their business is vulnerable. << I agree about luck. But I keep reading that coms will benefit from DSL and cable modem. But the point was that buying coms at 20 was a bargain. Like buying Western Digital at 7. The only style I feel comfortable with is buying at distressed levels based on book value, p/e, p/sales, etc.... And sometimes it works out well. And usually the downside is just I get stuck with dead money for a while. With the high-flyers, if one chooses the wrong stock or the wrong day, the down side is severe.

To: Bill Harmond who wrote (56967)	5/17/1999 10:21:00 AM
From: Glenn D. Rudolph	Respond to of 164685

RealNetworks <RNWK.O> files to offer 4 mln shares WASHINGTON, May 17 (Reuters) - Software company RealNetworks Inc., whose products allow PC users to send and receive real-time media online, filed Monday to offer 4 million common shares. The company, whose technology is used by America Online Inc. <AOL.N>, Cable News Network (CNN) and global financial news provider Bloomberg L.P., is offering 3.525 million of the shares while stockholders, which include Chief Executive Officer Robert Glaser, are offering the other 475,000 shares, said a Securities and Exchange Commission filing. The shares being offered by the company represent about 5 percent of the total number of its outstanding shares after the offering. If there is big demand for the shares, then RealNetworks has granted the underwriters -- Goldman Sachs, BancBoston Robertson Stephens, Donaldson Lufkin & Jenrette, Lehman Brothers and Thomas Weisel Partners -- an option to buy 600,000 more shares. Estimated net proceeds of $299 million will be used for general corporate purposes, mainly working capital and capital expenditures, and for potential acquisitions and strategic investments, the filing said. The Seattle-based company will not receive any proceeds from the shares sold by stockholders like Glaser, who is offering 180,000 shares. He will own 27,866,042 shares, or 39 percent, after the offering. Another selling stockholder is director Mitchell Kapor, who is offering 130,000 shares. He will own 3,125,070 shares, or 4.4 percent, after the offering, the filing said. The company's shares closed at 88-11/16 on Friday. REUTERS Rtr 10:09 05-17-99