Now is probably the time. The stock can't get pounded down much more than it already is. And this came out today:
"EMusic.Com Announces 118% Increase in Downloadable Music Revenues
More Than One Million Songs Sold; Major Labels' Commitment to Distribute Downloadable Music Confirms Market Acceptance
REDWOOD CITY, Calif., April 18 /PRNewswire/ -- EMusic.com Inc., (Nasdaq: EMUS - news) the leading seller of downloadable music, announced today it expects to report that downloadable music revenues for its third fiscal quarter ended March 31, 2000 increased by 118% to $450,000 compared with downloadable revenue in the preceding quarter of $206,000.
EMusic.com expects to report total pro forma revenues for the quarter of approximately $3 million. This will reflect the combined operations of EMusic.com and Tunes.com for the entire quarter on a pro forma basis. The acquisition of Tunes.com was completed on February 15, 2000 and is being accounted for as a purchase. The company is scheduled to announce its complete results for the quarter on April 26, 2000.
``Selling our millionth song during Q3 was a landmark event for EMusic. The recent growth in our downloadable music revenues demonstrates that people are prepared to pay for quality downloadable music from a trusted and recognized source,' commented Gene Hoffman, president and CEO of EMusic. ``Our fast-growing catalog of more than 100,000 songs by established artists, including Elvis Costello, the Goo Goo Dolls, Phish and Bush has established EMusic as the go-to site for anyone wanting to download music.'
``The major music distributors' recent announcements of their intention to sell downloadable music confirms what we've always said -- that downloadable music will replace CDs as the primary way music is distributed,' Hoffman added. ``EMusic has always been format-agnostic -- we manage an exclusive catalog of music properties, which can be sold in any downloadable format. We follow the consumer. If a new format supercedes MP3 as the format of choice, EMusic will quickly move to support it.'
As the leading seller of downloadable music and operator of one of the Web's most-visited and respected sources of music information, RollingStone.com, EMusic.com now operates one of the Internet's most popular networks of music-oriented Web sites, serving more than 48 million page-views per month."
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