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Technology Stocks : Diamond Multimedia

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To: marvin smith who wrote (4009)	1/26/1999 8:50:00 PM
From: counsel777	Read Replies (2) of 4679

My theory is that the recent price drop is due to the litigation over the International Lyrics Server. See this New York Times article: nytimes.com If the operators of this site are found guilty of violating copyright laws for hosting song lyrics, it means that anybody hosting MP3s could also be liable for the same sort of copyright infringement, which would be very bad for the MP3 business and for the future of the Rio. The legal action against the ILS began on January 20th, was announced on the 21st, and DIMD started to drop on the 22nd.

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