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Short Take: PointCast IPO called into question

PointCast is gearing up to do a road show for its initial public offering during the week of July 13, sources said. But a story in Business Week casts doubt on the IPO, citing sources who contend that the company is searching for a buyer and that the IPO filing last month was done in part to raise the company's "visibility." PointCast declined comment.

PointCast is gearing up to do a road show for its initial public offering during the week of July 13, sources said. But a story in Business Week casts doubt on the IPO, citing sources who contend that the company is searching for a buyer and that the IPO filing last month was done in part to raise the company's "visibility." PointCast declined comment.