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Tuesday, August 02, 2005

RealNetworks Blows Doors Off (RNWK), finally...

The long-time disappointment stock, RealNetworks, significantly outperforms estimates and signals the beginning of a potential growth spurt. RealNetworks not only outperformed revenue expectations, but they delivered $11MM in EBITDA (before MSFT rock-throwing). Grow that number going forward and annualize it, and you can get to $60MM in EBITDA for the next twelve months rather easily. Considering how long this company has been about 'potential' and underperformed investor expectations, this stock could really move tomorrow, seeing $7-8 easily. I think you can buy this in the morning and still make money as the market digests this news.

1 Comments:

At 1:32 PM, Anonymous Anonymous said...

I agree. The results also prove that the YHOO music product is not really having that much effect. So the drop from $7 to $5 is really not justified. Could see $6.50-$7 tomorrow or by EOW.

 

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