Moves and news:
The Real-AOL deal wasn’t announced as “exclusive” but we think Real has enough leverage and dominant market share to stave off an argument from Microsoft that its Media Player (built in part under a license using Real’s technology) is somehow a more complete solution. RNWK shares jump 23% to $41.25 per share today. Even before the AOL deal we considered RNWK a core multimedia Internet holding, more so than Broadcast.com (NASDAQ:BCST).
Related news: AOL
finally accounted for its two recent acquisitions for its June quarter (4Q) results. With charges AOL reports $7.1 million, $0.03 cents per fully diluted share EPS vs. $11.8 million net loss, $0.06 loss per share for 4Q last fiscal year.
The superbowl of Internet investment conferences! Internet Investment Symposium ’98 @ Fall Internet World!
New York City, Oct. 8-9 as Steve Harmon, Upside, CNNfn, PriceWaterhouseCooper, and more talk investments with some of the top names in the industry…top execs of GeoCities, CMG Info, DoubleClick, venture capitalists doing the $ billion deals, debuts hot startups at Startup Live! Sign up now
LaunchPad Pavilion, part of Fall Internet World ’98, the world’s largest Internet industry trade show held Oct 5 – 9, offers exhibit space for startups ONLY at a reduced price in order to meet their often limited capital available at the startup stage. It is Mecklermedia’s way of letting the newbies get their voice heard. If you or a friend is at a Internet startup and want to exhibit at Fall Internet World (expected attendance is more than 50,000) in New York City’s Javits Center then contact Reed Bocchino 203-341-2826 or email: mailto:[email protected]