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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: Walter Morton who wrote (6180)	6/29/1999 6:13:00 PM
From: chris431	Read Replies (1) \| Respond to of 18366

10:01 AM ET 06/29/99 CDs To Have Anti-Piracy Feature CDs To Have Anti-Piracy Feature By RON HARRIS= Associated Press Writer= SAN FRANCISCO (AP) _ The latest round of portable digital music players will soon be available in stores nationwide, equipped with security features designed to prevent piracy, designers say. Members of the Secure Digital Music Initiative announced Monday they had completed design specifications for the Walkman-like devices they claim will thwart online piracy. On a yet-to-be determined date, new CDs released by the major record producers will be digitally encrypted to prevent piracy, and the digital players will need to be upgraded to accept the new music, the Secure Digital Music Initiative said. ''SDMI will enable the future of music and today's announcement signals to consumers that this future is coming quickly. This future holds the promise that consumers will have access to vast amounts of exciting new content with a new level of portability,'' SDMI director Leonardo Chiariglione said in a statement. Diamond Multimedia, which makes the popular and controversial Rio portable digital music player, said it will comply with the new standards. The original version of the Rio player has served as a focal point for the music piracy debate because it doesn't require copyright protection to play music using MP3 technology. New devices, available as early as Christmas, would initially support all current digital music formats, including MP3. After the new digital standard is implemented and the machines' software is upgraded, the only new songs that work on the machines will be ones that are digitally encoded with copyright protections. Even with the new protections, the players will still be able to play old music already illegally copied using the MP3 format, a major concession by the recording industry. Future versions of Rio players will be completely SDMI-compliant, said Lorraine Comstock, of Diamond's RioPort division. A spokeswoman for Milpitas, Calif.-based Creative Labs said its Nomad digital music player, to hit store shelves in July, will also comply with the SDMI standard. Industry members adopted the design specifications at a conference in Los Angeles earlier this month. They are under technical review and are to be ratified and made public by July 8. Analysts said the security features, however cumbersome, were inevitable. ''I think for the traditional music industry to back this, there has obviously going to have to be some fairly rigorous copyright protection,'' said Clay Ryder, an analyst for Zona Research. He suspects computer-savvy hackers will try to find a way around the security features, but the chore will prove labor-intensive. ''Nothing's 100 percent crack-proof, but you would go through a hell of a lot of effort to descramble something,'' Ryder said. The SDMI members include each of the big five record labels _ BMG Entertainment, EMI Recorded Music, Sony Music Entertainment, Universal Music Group and Warner Music Group _ all looking to capitalize on the growing digital music marketplace while protecting artist and label copyrights. The Recording Industry Association of America lost a suit earlier this month to halt sales of the Rio _ a portable machine that carries about an hour's worth of CD-quality MP3 music on a computer chip. Comstock thinks the design specifications will help make popular music available to online consumers. ''For the consumers the SDMI specification is a good thing because today you cannot buy music online from well known artists,'' Comstock said. Currently, most of the music available for sale on the Internet consists of lesser-known artists.

To: Walter Morton who wrote (6180)	6/29/1999 6:28:00 PM
From: Dave Swanson	Read Replies (1) \| Respond to of 18366

Institutional Investor? HK(Hoo Kares) Why do you get yourself in a bother over such? Have a little faith, put a little trust in Fred et al and most of all RELAX! and enjoy the ride.

To: Walter Morton who wrote (6180)	6/29/1999 10:20:00 PM
From: bob	Read Replies (1) \| Respond to of 18366

Walter, it looks as though the institutional investor is JNC Opportunity Funds. From RB: By: petsounds Reply To: 38164 by MtnNana Tuesday, 29 Jun 1999 at 7:34 PM EDT Post # of 38251 MtnNana - according to dbusiness.com - San Diego section, the investor is JNC Opportunity Funds, Ltd. This may be the same JNC; Nuveen Introduces Digital and e-Finance Sector Portfolios Thursday, June 24, 1999 03:51 PM CHICAGO, June 24 /PRNewswire/ -- John Nuveen & Co. Incorporated (NYSE: JNC) today announced two new sector portfolios with a two or five-year structure providing more flexibility for financial advisers to offer investors. "There is market demand for these sectors," said William Adams, Executive Vice President, Nuveen Defined Portfolios. "Digital devices are increasingly working their way into business and personal lives. Internet financial service capabilities and business practices are changing the face of the financial services sector." The Digital Sector Portfolio consists of 25 stocks representing companies involved in the development, manufacturing and retailing of consumer electronics, computers, and communications. These stocks include businesses such as Sony Corporation, Motorola, Texas Instruments and Phillips Electronics. Each of the stocks in the Digital Sector Portfolio makes up approximately 4 percent of the portfolio as of June 23, 1999. The e-Finance Sector Portfolio consists of 35 stocks representing companies involved in Internet banking and other financial services. These stocks include businesses such as the American Express Company, Chase Manhattan, Charles Schwab, and Wells Fargo. Each of the stocks in the e-Finance Sector Portfolio makes up approximately 3 percent of the portfolio as of June 23. Nuveen's two new defined sector portfolios will be available through registered advisers. A defined portfolio, or unit trust, is a fixed selection of stocks or bonds. Once created, the portfolio is unmanaged until termination. Units of the trusts are sold as shares. Nuveen currently offers 13 different defined sector portfolios including bandwidth, energy, Internet, financial services and pharmaceuticals. Additionally, Nuveen offers over 20 equity-based and fixed income defined portfolios. The Digital Sector Portfolio and the e-Finance Sector Portfolio will be offered beginning today for a minimum investment of $1,000 or $500 for education IRAs. Nuveen recommends these two portfolios be considered an aggressive growth investment that should be combined with other investments to achieve portfolio diversification given the market volatility of these stocks. An investment in these portfolios should be made with an understanding of the risks involved with owning common stocks and additional risks of investment in the digital and e-Finance sectors. Industry predictions may not materialize and the companies chosen for the portfolios may not participate in industry growth. The value of the portfolio's units will fluctuate based on the value of the underlying securities. For more information about fees, expenses and risks, investors should obtain a prospectus from their financial adviser or from Nuveen by calling 800/257-8787. It is advisable that investors carefully read the prospectus before investing. The John Nuveen Company through its John Nuveen & Co. Incorporated and Rittenhouse Financial Services subsidiaries, provides customized individual accounts, mutual funds, exchange-traded funds and defined portfolios to help financial advisers serve their clients. The Company also provides municipal, institutional and corporate investment banking and asset management services. Including defined portfolios, the Company manages or oversees $70 billion in assets. The John Nuveen Company is listed on The New York Stock Exchange and trades under the symbol "JNC." SOURCE The John Nuveen Company CONTACT: Angela Thomas of John Nuveen & Company, 312-917-7763, or email, thomaa@nuveen.com Quote for referenced ticker symbols: JNC