ZixCharge is outdated already; 6 months before its projected release.
Dave, that won't be the first time. Earlier this year, Cook abandoned CUST's digital downloadable music biz before it's launched. Who knows, Cook maybe sniffing around for another "new" idea and company name change.
Remember this?
David P. Cook, chairman and chief executive officer of the company, stated, "Our
company has been exploring various Internet-related business opportunities, as
previously announced, but the system design for this transaction payment business came as a by-product of our ongoing efforts to obtain music content rights from the major record companies. We expect this system to be operational by the third quarter of 1999."
Mr. Cook added: "Our previously announced plan to enter the customized compact
disc business has been impacted by two recent music industry developments. First,
the Secure Digital Music Initiative, an effort sponsored by the major music record
companies to establish standards for the digital distribution of protected music via the
Internet and other means, has delayed our efforts to obtain music content rights.
Secondly, the availability of the handheld MP3 player will likely impact customized
compact disc pricing. We will evaluate our customized compact disc strategy further
as these developments evolve."
Regards,
Tom |
