As NetRadio goes, so may go Navarre; Navarre Corp. faces challenges even if it completes a successful spinoff of its Internet company, NetRadio.(BUSINESS)

From: Star Tribune (Minneapolis, MN) | Date: May 14, 1999| Author: | Copyright information

1/3 Navarre Corp. owns an Internet company, NetRadio Corp., and like the pushy parent of a child prodigy, it may get rich from its prized offspring.

That's what legions of daytraders believe, but they've been wrong before.

But aside from Net Radio, Navarre is an unacclaimed operator of a luckless business. A music and software distributor, Navarre has not made money in three years and its industry is both consolidating and facing technological upheaval.

Still, the company's stock has soared 240 percent in the past 12 months. That's largely been on account of ...

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