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Technology Stocks : MUSIC STOCKS: HIGH-TECH AND INTERNET- Winners and losers.
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To: Joe Copia who wrote (8)4/23/1998 10:43:00 AM
From: Rande Is  Read Replies (1) of 179
 
Joe, I have looked over the Diadex? site [AMEN]. It is much like a CDNow site, selling CD's online, much the same as Amazon sells books. They have a nice site and will no doubt make money selling records to Christians. An interesting fact is that only about 10 percent of people professing to be Christians shop in Christian bookstores. Where do the rest shop?

Also, Christian music has been making enormous strides to regain market share and is currently approaching a double digit share. That makes it bigger than jazz, classical and most ethnic musics. Gaylord Communications, that recently sold the Nashville Network and Country Music Television to Westinghouse has bought the largest of the Christian Record Companies, Word Records [Myrhh et al]. Their plan is to develop Christian music television networks to similar popularity as they did for country. Using the same procedures and people, my guess is that this will be a big success for them and will equate to more Christian records sold worldwide. Trickle down will bring more revenue to AMEN within a year of their launch date [don't know].

I like the stock. Internet sales of some objects [like CDs and books] will thrive.

Rande Is
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