I got this on my personnel e-mail as stock pick of the day!!!!
HMMMMMMMMMM!!!!!!!
What do you all think
AUDIBLE (ADBL)
Digital distribution of audio is one of the hottest topics on the Internet, and Wall Street is catching the fever. With anticipated IPOs from leading Net-centric software and content companies riding the MP3 surge, the IPO market is stretching into a noisy new niche. Enter Audible, the preeminent distributor of spoken-word audio content, including audio books, periodicals, and radio programs. Scrambling to fill every possible pipeline, Audible offers a portable listening device and is experimenting with different formats, including the proprietary AudibleReady format.
Audible seeks to profit on both the front end (consumer sales) and the back end (content partnerships). That back end is perhaps the most interesting, including book publishers, newspapers, professional journals, and radio programmers. The ADBL public offering has been priced at $9, and the stock might be on the Nasdaq board by the time you read this. Underwriters include Credit Suisse, J.P. Morgan, and Wit Capital. As usual, IPO proceeds will be used for general corporate purposes, including acquisitions, marketing, and audio production.
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