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Technology Stocks : MPPP - MP3.com
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To: Mike Hermann who wrote (308)7/21/1999 6:38:00 PM
From: hoffy  Read Replies (1) of 1116
 
Mike: That is always a possibility but everyone is betting on this company because of it's MP3 technology and if they have to go in another direction than I don't think people would pay such a high price for this stock. I think the only reason the stock rose as it did was because of the hype that the MP3 technology received. CNBC was pumping up this IPO for the last few weeks as te next big one so everyone piled in when the stock opened. But by the end of the day it was coming more in line where it should be. The pople who got an allotment at 28 should do well with it but the people who bought earlier today will probably end up with a nice tax write-off later this year.
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