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

To: Tinroad who wrote (6807)	7/27/1999 10:27:00 AM
From: Tinroad	Respond to of 18366

From our buddies at TSCM: Internet: Executive Steps Down From Universal-BMG Music Site By Spencer E. Ante Staff Reporter SAN FRANCISCO -- In a sign that major music labels are facing problems as they set up a digital-music presence, getmusic.com, the Web-based joint venture between Universal Music and BMG Entertainment, has lost the executive in charge of the site amid concern it wouldn't be ready for downloading music by the holiday shopping season. Unveiled in April, the music portal and e-commerce hub has been selling CDs from hundreds of artists. But executives from Seagram (VO:NYSE)-owned Universal and Bertelsmann-owned BMG have said they aim to expand the site into a platform for secure downloadable songs and CDs by the holiday shopping season. Combined, Universal and BMG represent more than 40% of music sales in North America. Late last week, getmusic.com's VP and general manager Elizabeth Schimel stepped down amid concern the site wasn't making enough progress to meet the self-imposed deadline, according to three people close to the company. A search is underway to find a full-time replacement for Schimel, but sources say she will be temporarily replaced by BMG Entertainment's chief financial officer Tom McIntyre. "They're feeling the deadline, and it wasn't moving the way it should have," says one BMG employee who requested anonymity. "They need to staff, get some advertising out and create a brand on TV. If they're going to do something by Christmas, they need to get going." Both BMG and Universal declined to comment. "Officially we don't comment on rumors," says BMG spokesman Dennis Petroskey. Schimel couldn't be reached for comment. Some employees speculate that the change in leadership was necessary to prepare the company to be spun off in an IPO, which would help getmusic.com make acquisitions and grow the business. "Employees have been given the speech about stock options down the road," says one BMG employee. "They're not willing to invest $100 million in a venture. It's not their style." After years of trying to ignore the Internet, record companies have come to realize it's more than a pet rock for the '90s. Amid exploding use of unsecured MP3 files, they have reluctantly embraced the Net as a vehicle to expand the overall market for music, even music that can be downloaded into PCs from the Net. But many have found it hard to keep up with young, tech-savvy startups. Schimel's departure comes on the heels of more positive developments. On Monday July 26, parent company Seagram announced an agreement to sell Universal Concerts to House of Blues Entertainment for $190 million in cash and assumed debt. As part of the deal, Seagram said getmusic.com will become the exclusive e-commerce provider for House of Blue's online properties

To: Tinroad who wrote (6807)	7/28/1999 12:45:00 PM
From: Tinroad	Read Replies (2) \| Respond to of 18366

4 months of Raging Bull DD in one post: (Updated 7/28 12:20 PM) (Compiled by AwakenedOne, Hunter!, and Tinroad) (1)Recent news & posts of interest. biz.yahoo.com (Lydstrom/EDIG agreement) stockhouse.com (7/26 article on EDIG at Stockhouse.com) www.ragingbull.com/mboard/boards.cgi?read=47032&board=EDIG (The 7/23 Seymour article at TheStreet.com) ragingbull.com (A shareholder swaps e-mails with TheStreet.com) uniontribune.com. (A more recent and accurate take on e.Digital, MP3 blinders removed and vision corrected to something approaching 20/20) ragingbull.com (EDIG's official response to Friday's J. Seymour/TheStreet.com article) sdmi.org (SDMI members' comments on new spec; requires Adobe Reader) ragingbull.com (Balrog rehashes our CEO's recent letter to us) Message 10625434 (Savant reminds us of pending developments) news.webnoize.com (Webnoize spin on EDIG/LQUI PR) ragingbull.com ZDNet article on MP3 codec and its competition ragingbull.com (TheStreet.com article, 7/21) edig.com (EDIG/LQUI licensing agreement) edig.com (Intel veteran joins EDIG's board) edig.com (SNDK PR re Lanier Cquence/EDIG) edig.com ($3,000,000 invested in EDIG) edig.com (6/28 letter to investors) edig.com (PR from TI,SNDK etc.) ragingbull.com (Link to all EDIG SEC filings) (2) A few shareholders share perceptions re a certain journalist wannabe. (Nothing of value here) ring.net (JS at work, straining to craft his article; not quite as rude as the URL implies, but demonstrably accurate) bigwig.net (elmore.j catches JS in a more introspective mood.) (3)Selected postings of TWOMIL and Haiyaku. ragingbull.com (4)The following are additional Raging Bull posters whose knowledge and opinion are deemed valuable: DABOSS, Hunter!, Donalduck, jimee 11, AlphaWolf, tomscheboy, nikkii, oberstew, elmore.j, tolstoy_00, rgallihugh, balrog, crsrs, motionpixel, Flipn2it, moxa1, atarshis, CravenMoreStock, et al. (5)The following link describes the MicroOS. norriscomm.com Post # 6612 by Tinroad has EDIG 101 newbie information. (Has several outdated links- TR) ragingbull.com Post # 20232 shows EDIG information, patents and links. ragingbull.com Post # 20501 by rgallihugh shows a summary on EDIG. ragingbull.com Post # 25066 by haiyaku contains a brief explanation about OSs. ragingbull.com Post # 25213 by PEGSLEGS talks about EPAC coding standards. ragingbull.com Post # 25415 by TWOMIL commenting on eDigital and other codecs. ragingbull.com Post # 31724 by jimee 11 discusses about MyNetWorks by Lucent. ragingbull.com Post # 33826 by AlphaWolf and rolla95 has information for new EDIG investors. ragingbull.com (6)e.Digital Corp. Home Page and Press Releases. edig.com edig.com Biographical Information on Elwood (Woody) Norris ---the man with the patents. atcsd.com atcsd.com VoiceTIMES alliance; SDMI; RIAA : software.ibm.com sdmi.org riaa.com (7) For all the impatient investors who want EDIG stock price to shoot up to the moon by tomorrow: Post # 27540 by JoeEM presents a must-read commentary about the loneliness of the long-distance investor. ragingbull.com Post # 27564 by letgojoe has a bull story for you. ragingbull.com Post # 30888 by SDBob has something to say to investors who want to sell their shares early in the game. ragingbull.com Post # 30945 by tomscheboy has some reading materials for the impatient shareholders. ragingbull.com (8)For those of you who are from the old school of economy and who feel bewildered by "that technology stuff" and unable to reach a decision to participate in the new school of economy because of the many unknowns and uncertainties, these postings will help you make an informed decision, especially concerning e.Digital. ragingbull.com ragingbull.com ragingbull.com ragingbull.com (9)A caveat for those seeking the Truth in cyberspace. newmedia.com If you like what you have seen, also check out our sister companies, PTSC and ATCO!