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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: Sam Citron who wrote (3050)3/10/1999 11:56:00 AM
From: MikeM54321  Read Replies (1) of 12823
 
OT-- Re: MP3

"I disagree with your comments about streaming media. Today with a relatively slow 28.8 modem, the audio quality is about the equivalent of an AM radio......"

Sam,
We don't disagree at all. I just didn't word my post correctly. It's so easy to make small errors in posts that give them an unintended meaning. That's one of the hazards of SI posts.

I should have said, "IMHO, streaming media is equivalent to an AM radio, even with a cable modem." There are incredible uses for streaming media. No doubt about that. But I was specifically referring to the multi-billion dollar music industry being turned upside down by the Internet. I really have not seen anything that would threaten it, until MP3. As a matter of fact, it must be a big threat because there are all kinds of lawsuits being filed against the owner of the MP3 file format. The music industry dislikes the MP3 format as much as the movie industry used to dislike DVD.

MP3 is very close to CD quality. I pop a music CD in my computer and I cannot tell the difference between it and a MP3 file that I play directly off the Internet. And with a cable modem, it is instantaneous gratification. Coincidently yesterday, RealMedia just agreed to make their player compatible with MP3 file format.

IMHO, I think MP3 is a significant technology, but do not know how to invest in it (other than DIMD).
MikeM(From Florida)

PS Thanks for your list.
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