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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (27395)6/9/2000 9:05:00 AM
From: Rande Is  Read Replies (1) of 57584
 
MPPP: Also, anyone wishing to jump on the MPPP bandwagon. . . be careful. . . the details of the settlement with the big record companies has not been disclosed yet. It could very well be substantial to the point that it barely makes MPPP worthwhile. The record companies were WINNING the fight. . . and it was an important battle. . . there is no way they just rolled over in the final hour.

It could very well be that the settlement REQUIRES MPPP to charge for each download of music. This would please the record companies enough to keep them from destroying the MP3 format entirely. . .as it sets a precedent. Remember that the courts ruled that MP3 violates Federal Copyright Law and that MPPP was guilty of Federal Copyright Infringement.

But such a decision would greatly displease those that enjoy not paying the artists, songwriters and record companies for making the music. And many of the investors/traders in MPPP are those that use MP3 products. So this story has hardly unfolded. . .and could get really ugly when details get revealed.

I doubt highly that the settlement allows MP3 to continue on as they have or that it waives fees for MP3 downloads. So this settlement news is not necessarily GOOD news. If I were an MPPP shareholder, I'd be trying to get out in the pre-market. Some got $24. I'd be happy with $21.50.

I am not an MPPP shareholder, nor am I short. I do hold LQID, which I believe could still be the benefactor of this deal, since they have the best quality and have the royalty payment model built-in. . .and are the industry leader in the sector. If the later news reveals that MP3 will have fees paid for each download, SOFO and LQID could see a pop.
I am long LQID.

Rande Is
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