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


To: IEarnedIt who wrote (14746)9/7/2000 12:37:11 PM
From: Jon Tara  Read Replies (1) | Respond to of 18366
 
IEarnedlt, who do you think is doing the illegal insider trading?

IEarnedlt wrote:

"IMO news has to be close or we would not be seeing what we are right now."

If the stock is moving up because "news must be close" then somebody must be illegally trading on that knowledge.

Any speculation as to who?

IMO, though, EDIG has probably seen the top of this rally at 6 15/16. A move to 8 is possible though, before it turns back down to below 5 again.

If it does go to 8, I want to know what suckers bought it at that price. Please raise your hands, OK?



To: IEarnedIt who wrote (14746)9/7/2000 12:41:53 PM
From: Starlight  Read Replies (2) | Respond to of 18366
 
I can't believe it!! You all don't recognize news when you see it:

uniontrib.com

Copyright fuling slams MP3.com

San Diego Company could pay up to $250 million penalty
for infringement

FROM STAFF AND WIRE REPORTS

September 7, 2000

A federal judge delivered a staggering financial blow to MP3.com yesterday
and sent a strong warning to new-media upstarts that they are not immune from
conventional copyright laws.

U.S. District Judge Jed Rakoff ordered the San Diego company to pay as much
as $250 million to Universal Music Group for intentionally violating its
copyrights.

Universal, the world's largest record company, had urged a penalty of $450
million in a case closely watched by Napster and other businesses that share
music or other copyrighted material over the Internet.
--------
In case it still hasn't sunk in -- this means that music players that allow downloading of ONLY "watermarked" (meaning loosely, that only one approved copy can be made) music will be required in order to access music on the web. This is where EDIG comes to the fore.