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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Annette who wrote (19970)	7/7/1999 8:33:00 AM
From: Scott Kleinhans	Read Replies (1) of 27722

Annette Here's another article on HITS July 7, 1999 7:40am THE DAY AHEAD: Musicmaker.com's sales anything but a hit By Larry DignanTDAIN ZDII Musicmaker.com (Nasdaq: HITS) will go public Wednesday with the following recipe for success: Take all the hype surrounding music on the Internet, cash in on a trendy ticker and pray no one notices you have less revenue than many Silicon Valley secretaries. Cut through all the talk of potential and consider this: Musicmaker's 1998 revenue was $74,028. First quarter revenue was $20,160. No, those sales figures are not typos. There are no more zeroes to be had. You are being duped. Folks, Musicmaker is betting that investors don't read the filings with the Securities and Exchange Commission. Looks like Musicmaker won its bet. Musicmaker got its money, pricing its 8.4 million share offering at $14. The original range was $12 to $14. Ferris Baker Watts is the lead underwriter. zdii.com

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