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Technology Stocks : CDNow (CDNW)

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To: John May who wrote ()	5/7/1999 1:10:00 PM
From: Jbenz0	Read Replies (2) of 1465

From: steve harmon - analyst Tuesday, May 4 1999 4:15AM ET Reply # of 1519 cdnw - the latest hot list i put out showed cdnw trading at 13% of the average for other e-customers...and time warner spec may have been a factor Message 9303655 Well, we're on Harmon's Hotlist. He likes the fact that valuation per user is extremely low compared to other etailers. CDNW valued at about $215 per user vs. Amazon at almost $4,000. With 50% of online music sales and the low per user valuation, I like this stock. If it wasn't for people's irrational fear of the beast Amazon, this stock could have a billion dollar market cap.

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