MPPP >>> $60 - $65 very likely in August because:
Next month Investment Bankers like Credit Suisse First Boston, Hambrecht & Quist, Banc Boston Robertson Stephens will initiate coverage with aleast Buy rating. I expect some to initiate coverage with Strong Buy rating. This will trigger heavy buying with shorts covering. I anticipate strong rally to $65 likely next month.
Credit Suisse First Boston Corporation acted as lead manager, Hambrecht & Quist LLC acted as co-lead manager and BancBoston Robertson Stephens Inc. and Charles Schwab & Co., Inc. acted as co-managers for the underwriters. MP3.com has granted to the underwriters a 30-day option to purchase up to 1,350,000 shares of common stock to cover over-allotments, if any.
MP3.com, Inc. (http://www.mp3.com) is pioneering a revolutionary approach to the promotion and distribution of music. The Company's Web site has grown into a premier online music destination. The Company uses the Internet and file formats that make music files smaller to enable a growing number of artists to broadly distribute and promote their music and to enable consumers to conveniently access this expanding music catalogue.
The Company's Web site contains over 100,000 songs from over 18,000 artists, representing what the Company believes to be one of the largest collections of digital music available on the Internet. Consumers can search, sample and download music free of charge.
- Just my views.
|
