GDNO - Goodnoise, the next KTEL? Message Board

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Technology Stocks : GDNO - Goodnoise, the next KTEL?

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To: Igor Borodine who wrote (63)	2/8/1999 2:26:00 PM
From: Sanjay Varma	Read Replies (1) of 158

They seem to be moving up based on the recent spate of good news: 1. Rykodisc distribution deal 2. Dreamworks endorses MP3 format But, correct me if I'm wrong. I read their 10Q and got the distinct impression that there are 35 million shares currently issued. At the current price of $12/share this company is valued at $420 million. Again from the 10Q: "The Company is a development stage enterprise that launched its first Internet website in April 1998 and began selling musical recordings over the Internet on July 30, 1998. Revenue for the period July 30 through September 30, 1998 totaled $12,452. Of total revenues, $12,000 was derived from advertising on the Company's website and $452 was from the download of musical recordings." I know it's tempting to buy this stock since MP3.com has not yet IPOd, but jesus christ this sucker is overvalued. Their revenue stream is more of a drop. -Sanjay

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