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Technology Stocks : Diamond Multimedia

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To: The Duke of URLĀ© who wrote (4239)4/9/1999 4:55:00 PM
From: steve patagonia  Read Replies (1) of 4679
 
So lets assume they'll sell 120,000. At 200 each, that's about 24 million in revenue. I got mine through AOL at 180 so many were on sale towards the end so lets take off a mill. That's still not bad. I don't believe the RIAA will win the law suit because it states in the Rio manual: WARNING!It is illegal to encode MP3 files for trade or sale unless you have the expressed and explicit permission of the copyright holder(s). This rule applies to cassettes and CD's(now that people have CD burners) You can't make hundreds of copies of cassettes of your favorite artist and distribute them either. The internet has provided an easy way to distribute but that's not DIMD'S problem. The RIAA just wants to get a handle on things and hold it up while they figure out how to assimilate it into their platform. There will probably be some encryption and ground rules coming out but mp3 is here to stay. No doubt.
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