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To: Ausdauer who wrote (6289)	7/7/1999 3:59:00 PM
From: Jason Rooks	Read Replies (1) \| Respond to of 60323

Aus, When the emerging internet music industry becomes better understood by Wall Street, I'd expect attention to SNDK to increase as it is well placed to benefit from the explosion. Musicmaker.com A Hit In Nasdaq Debut NEW YORK (Reuters) - Shares of musicmaker.com jumped 59 percent Wednesday, the first day of trading for the Internet music retailer after its initial public offering, paving a solid path for other online music companies slated to go public later in the month. Reston, Va.-based musicmaker.com offers consumers personalized compact discs via the Internet and enables them to download customized CDs digitally. The stock was up $8.25 at $22.25 Wednesday afternoon in trading on the Nasdaq. The company raised $117.6 million in its IPO, pricing 8.4 million shares at $14 a share, the top end of its estimated range. The deal had been delayed in late April because musicmaker.com was in talks on a license deal with a major entertainment company. In June, it signed an agreement with EMI Group Plc, the world's third largest music company, to offer EMI's catalog of music on musicmaker.com's Web site. The pact also called for EMI to buy a 50 percent equity in the stake, which was worth about $169 million at the IPO price. ''It's wonderful to see this, but we also need to look at the environment it is coming out in -- in a vacuum. We didn't have any (IPOs) yesterday and today it is the only one and it's an Internet IPO. There is a newfound thirst for these stocks and it was a good case of timing for them,'' said David Menlow of IPO Financial Network in Millburn, N.J. Internet music companies Liquid Audio and MP3.com are also slated to hit the market this month. Liquid Audio will offer 3.6 million shares in a range of $10 to $12 through Lehman Brothers and MP3.com will offer 9.0 million shares in a range of $9 to $11 through Credit Suisse First Boston. Analysts have said the nascent digital music industry still needs to sort out certain technological and competition issues. Major record labels have been adverse to online music delivery because of piracy concerns, though recently they have started to come to terms with the concept and are joining the fray. This sector ''is a mini-roller coaster,'' Menlow said. ''I think (this deal) will send a wake-up call to those sitting on sidelines (deciding) what to do in the music subsector of the Internet. This is a precursor to (the) MP3.com deal.