Any thoughts on the Liquid Audio IPO...
What about CLRN, it may be a sleeper at 39. IMHO
After all of the talk on this thread, I may just sell the farm and buy into AOL. <gggggggggggggggggggggg>
Some info from Red Herring on Liquid Audio, notice the reference to Vulcan Ventures.
Scheduled to go public the week of July 5. Revenues for first quarter 1999 were $531,000, up 137 percent from the same quarter of the previous year. Net loss for the quarter was $4.1 million, compared with a net loss of $2.0 million for first quarter 1998. Raised a first round of $2 million in June 1996 from Hummer Winblad Venture Partners and Intel. Raised a second round of $6 million in June 1997 from Vulcan Ventures, Phoenix Partners, Platinum Venture Partners, Itochu, and prior investors. Raised a third round of $22 million in August 1998 from the MediaOne Group, MetroMedia, Sumitomo, TransCosmos International, and prior investors. Total capital raised: $30 million. CEO cofounded the company and previously cofounded and headed Integrated Media Systems, a manufacturer of professional audio equipment. CEO was also formerly a sound engineer for the Grateful Dead.
Develops software and offers services for the online delivery of music and other audio files. Allows consumers to preview, purchase, and download CD-quality music over the Internet. Uses encryption and digital-watermarking software to protect copyrights by tracking and managing music bought and delivered via the Internet. Introduced system in late 1996; in February of this year, began offering encoding and hosting services. Expects to ship the fifth-generation version of the system by the end of this year. Hosts large-scale distribution Web site, Liquid Music Network, with more than 10,000 songs available for downloading. Artist partners include Ani DiFranco, Green Day, Jewel, Sarah McLachlan, Iron Maiden, the Grateful Dead, Emmylou Harris, M.C. Hammer, and Sugar Ray. Corporate partners include EMI, Beggars Banquet, Rounder Records, Twin Tone Records, Amazon.com, Atomic Pop, Billboard, Microsoft, and MP3.com. Customers include EMI, Tower Records, Warner Brothers, Dreamworks SKG, the Media Ventures Group, and MegaTrax. Competes with Microsoft, Yahoo, America Online, RealNetworks, GoodNoise.com, MP3.com, and IBM. |
