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

To: backspin who wrote (555)	8/9/1999 1:43:00 AM
From: stockman_scott	Respond to of 1116

<<the pressing question is where is MP3.com going to raise revenue to support its stratospheric valuation? >> Very SMART players are behind MPPP (like Sequoia Capital) and the firm has raised A LOT of money with its recent IPO. The management team is not going on a long extended vacation. I think they're working overtime and I expect that they will use their cash wisely. I wouldn't be surprised to see some major new distribution agreements or even an appropriate acquisition. Many of the net stocks have corrected. IMO, MPPP still has great LONG TERM prospects and we are now down to 'a more reasonable' valuation . Analyst coverage should be coming in the next few weeks and I expect to hear more from the company about their growth strategies. Stay tuned....Patience could pay off. Best Regards, Scott