HITS -- MUSIC MAKER -- Custom Music CDs Message Board

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Technology Stocks : HITS -- MUSIC MAKER -- Custom Music CDs

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To: Paul K who wrote (68)	1/3/2001 7:00:56 PM
From: Glenn Petersen	Read Replies (2) of 76

HITS to liquidate: thestreet.com Musicmaker.com to Liquidate, Shares Skyrocket After Hours By Chris Frankie Editorial Assistant 1/3/01 6:13 PM ET Musicmaker.com (HITS:Nasdaq - news), an Internet supplier of digital music that can be downloaded from a computer, said its board voted to liquidate and dissolve the company. The company said the liquidation plan will be submitted to the stockholders for a vote. Musicmaker said the uncertainty in the music industry, limited financing and growth, and the company's inability to identify a buyer all contributed to its demise. The company said it believes the liquidation will return the greatest value to stockholders. Shares of Musicmaker.com closed regular session Nasdaq trading at $2.88 but rocketed to $4 in after-hours Island activity.

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