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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: Mary Baker who wrote (6144)	7/2/1999 11:39:00 PM
From: ChopChop99	Read Replies (1) \| Respond to of 16809

I kinda like Audible myself... First mover in their market. Okay, okay, so maybe they're the only mover in their little niche. Even better if it's a viable niche. In any event, they're certainly first. And they have serious money behind them. Darn serious: Microsoft, AT&T, Compaq are major shareholders. They already have a $30,000,000 (over 3 years, maybe?) royalty contract from Microsoft. They already have commitments from the big manufacturers of portable MP3 devices to incorporate the Audible software to enable playback of the Audible e-audio-books. They have a serious website. I downloaded their software to play back samples from the different books. Very nice quality. They're losing money, a big plus for an internet stock! ChopAudibleFan