Hype for Broadcast.com despite red flags
Article Abstract:
Dallas, TX-based Broadcast.com's plan to sell 2.5 million shares for at least $12 each is expected to be hot despite its recent financial performance. The company, which airs live audio and video of sporting events and corporate meetings over the Internet, posted a $2.8 million loss in the first quarter of 1998 on revenue of $3.2 million. Another perceived problem to Broadcast.com is that the majority of its individual investors have little chance of acquiring shares at the opening price. But investors are seen to profit in the long run because of Broadcast.com 's ability to handle 400,000 individual viewers a day and plans to spend the offering's proceeds to bulk up programming.
Comment:
Its plan to sell 2.5 mil shares for at least $12 each is expected to be hot despite its recent financial performance
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Reuters expands its base
Article Abstract:
Reuters Holdings is set to purchase Lipper Analytical Services, a research firm that specializes in fund tables and indexes that are published in newspapers, for an undisclosed amount. Reuters' decision to purchase the research firm is prompted by the need to increase its efforts to become a dominant worldwide provider of mutual fund data. Simon Thomson, an executive of Reuters who is set to become Lipper's new CEO, stated that Lipper Analytical will become the cornerstone of Reuters' intent to build a worldwide fund-information network.
Comment:
Is set to purchase Lipper Analytical Services for an undisclosed amount
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Investors need to know risks of online trading
Article Abstract:
Online brokerages must inform potential investors the risks involved in online trading as well as hidden costs and technical failures, according to separate reports by New York Attorney General Eliot Spitzer and Securities and Exchange Commissioner (SEC) Laura Unger. The SEC and the securities industry must study the extent to which discount companies can be held liable for advice they provide investors, Unger added.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
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