Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Anthony@Pacific who wrote (11928)	11/7/1999 6:17:00 PM
From: Tim McCormick	Read Replies (1) of 18998

I asked FATB about this last week. Their response is that for text documents in PDF files which can be copied one page at a time using screen capture utilities or cut and paste, that this is no different than digitally scanning hard copy for redistribution. The barrier to theft is the same, essentially you are deterred only by pageanation in either format. Another deterrent is mere moral principal. Maybe not on Wall Street, but most in the educated class just don't pirate. Ask any corporate or educational software professional if they copy software. What is intriguing about the system is that you eliminate the most difficult publishers dilemma-how many documents to print. The elimination of the first print fixed cost is the primary advantage of the system. This advantage in conjunction with the lower cost electronic over paper format, allows for publishers to charge less which diminishes the incentive to pirate below that of hard copy format. The question for FATB as an investment though is what are the competitive barriers to entry? What is to prevent any ISP/portal/ecommerce site from implementing the same system?

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