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Technology Stocks : CDRD (CD Radio)

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To: Eman03 who wrote ()	3/12/1997 11:05:00 AM
From: david smith	of 904

What I know is that they are one of four companies approved by the FCC to auction for two licences for sattelite digital radio broadcast. You can read the FCC press release on this by searching under cdrd or go to the company home page. I bought this stock because two of the other four companies in the auction do not appear to be very bona fide in that they sound like consultants trying to get into a bargaining position with the front runners. In any case, these four companies should be able to work something out so everyone wins. I figure that if cdrd wins, the stock could easily rise four or five times. The company is capitalised at about $60m. 100,000 customers paying only ten dollars a month would generate nice cash flow and the possibility for many new services is exciting. But this is a big risk because if they don't get a licence they have very little except technology. At $6 the big upside compared to the down makes it a nice odds bet for the risk tolerant. Good luck.

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