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Technology Stocks : MPPP - MP3.com -- Ignore unavailable to you. Want to Upgrade?

To: Helios who wrote (498)	7/29/1999 10:52:00 PM
From: DAY TRADER	Respond to of 1116

My Rio MP3 player is on the way, I bought from Amazon.com and am using the $50 rebate from Diamond MM, comes out to only $100 Can't wait to test it out and download songs from MP3.com BTW some of the songs on the free MP3.com CD are pretty darn good. DT

To: Helios who wrote (498)	7/29/1999 11:29:00 PM
From: TheTruth	Read Replies (1) \| Respond to of 1116

Earnings are out! Looks Decent from Previous. ____________________________ Thursday July 29, 9:40 pm Eastern Time Company Press Release MP3.com Reports Second Quarter Operating Results Revenues Climb to $1.9 Million SAN DIEGO--(BUSINESS WIRE)--July 29, 1999--MP3.com (Nasdaq:MPPP - news) today announced financial results for the second quarter ended June 30, 1999. Revenues increased to $1.9 million compared to revenues of $247,000 during the comparable quarter one year ago. Second quarter revenues represented an increase of approximately $1.2 million over the $665,000 in revenues reported for the first quarter of 1999. Second quarter net loss was $6.3 million, or ($0.22) per basic and diluted share, compared to a net loss of $23,000, or $0.00 per basic and diluted share, during the same period in 1998. Excluding amortization of deferred compensation and other stock based compensation charges, pro forma net loss and net loss per pro forma basic and diluted share were $3.5 million and ($0.12), respectively, for the second quarter. This compares to pro forma net income of $75,000 and net income per pro forma basic and diluted share of $0.00 for the same period one year ago. The Company successfully completed its initial public offering of approximately 13.7 million shares on July 21, 1999 raising approximately $361 million in net proceeds. This includes the exercise of the underwriters' over-allotment of 1,350,000 shares. MP3.com is pioneering a revolutionary approach to the promotion and distribution of music. The Company's website has grown into a premier online music destination. The Company uses the Internet and file formats that make music files smaller to enable a growing number of artists to broadly distribute and promote their music and to enable consumers to conveniently access this expanding music catalogue. The Company's web-site contains over 100,000 songs from over 18,000 artists, representing what the Company believes to be one of the largest collections of digital music available on the Internet. Consumers can search, sample and download music free of charge. Traded on Nasdaq under the symbol MPPP, MP3.com is based in San Diego, California.