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Technology Stocks : Audible Inc-(Nadaq-ADBL) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (87)	8/11/1999 11:31:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 165

JP Morgan starts ADBL with "BUY" rating today, 23$ target..... (REUTERS) RESEARCH ALERT - Audible <ADBL.O> started at buy RESEARCH ALERT - Audible <ADBL.O> started at buy NEW YORK, Aug 11 (Reuters) - J.P. Morgan on Wednesday said it initiated coverage of Audible Inc., which sells audio versions of books, newspapers and radio shows online, at a rating of buy, with a 12-month price target of $23. -- In a brief, analyst Susan Walker White said Audible has secured a "first mover advantage" in the spoken word content market through its exclusive and premium content and its relationships with Microsoft Corp. <MSFT.O> and Windows CE device manufacturers. -- "Audible has amassed the largest collection of premium and exclusive spoken-word audio content on the Intenet thanks to its agreements with content providers such as the Wall Street Journal, New York Times and Forbes," she said. -- Shares rose 1-1/8 to eight in brisk Wednesday morning trade. ((-- New York Newsdesk, 212-859-1893)) REUTERS