If people are willing to pay $4.99 for six hamburger buns or $3.50 for a simple cup of coffee, why aren't they willing to pay for content they value?
Gaming World is opening its initial public offering over the Internet to the entire world, according to Kevin G. Duffy, president of Gaming World. The offer by Gaming World, a Web-based Casino and Sports Book, consists of 1,425,000 shares of common stock priced at $3.50 per share. The proceeds of the offering will allow the company to introduce new casino games, including real-time, multiplayer games and lottery products, the company said.
NatWest Securities raised its earnings forecasts for Compaq Computer and Dell Computer, according to a Reuters report. Compaq's fourth-quarter earnings estimate was raised to $1.60 a share from $1.45, the 1997 EPS forecast to $6 a share from $5.75, and the 1998 forecast to $7.25 from $7. NatWest raised Dell's fourth-quarter estimate to 85 cents a share from 70 cents; it also upgraded the 1997 forecast to $2.62 from $2.47, and the 1998 forecast to $3.50 from $3.25. NatWest's six-month price target for Compaq rose to $90 from $85, for Dell to $63 from $45.
Internet service provider Rocky Mountain Internet has completed its initial public stock offering by selling 1,365,000 units at a price of $3.50 per unit, the company announced. Each unit is comprised of a share of common stock and a redeemable warrant, which then trade separately upon issuance. Neideiger/Tucker/Bruner was the underwriter.