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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: Marc Bejarano who wrote (5672)	3/2/1999 6:06:00 PM
From: Marc Bejarano	Respond to of 11417

music update okay.. here is my report back to the group after a meeting with jim griffin. i didn't have lunch... it ended up being an informal round-table session with jim and a reporter from mp3.com named doug reece. we discussed a lot of things related to the future of the record industry and i mentioned wave systems. he seemed to have them confused with somebody else because he said that he had butted heads with them before and didn't like their hardware dongles? anyway, i'm following up in email and will let you know if anything develops. on a related note, it seems the record industry is keenly aware that it has to do something to address the need for digital distribution and copy protection and is speeding up their efforts on this front. see the below article from today's New York Times, nytimes.com here are two excerpts forwarded to me by an interested friend: Expert to Help Devise Format for Delivering Music on Internet By NEIL STRAUSS New York Times, March 1, 1999 The recording industry, anxious for a way to move safely and profitably into the era of Internet delivery of music, has taken a major step by putting an influential digital architect in charge of the effort. At a seven-hour, closed-door meeting of 200 top executives in the music and technology industries, Leonardo Chiariglione was named on Friday to head the Secure Digital Music Initiative. The group is seeking to create a technical format for the copyrighted sale and digital delivery of music over the Internet. Chiariglione, an Italian researcher, was instrumental in creating the industry-standard formats for converting and compressing video and audio information into digital form, known as MPEG. ... After his selection at Friday's meeting, Chiariglione startled many in the audience by announcing an ambitious timetable, one that may confound the many Internet skeptics who have derided the secure-music initiative as coming too late to turn back the free-music tide. He said he planned to have preliminary standards on paper by June to ensure that an industry-backed format would be approved in time to let recording companies start using it to sell music online by Christmas and to enable electronics companies to have compatible devices ready to play the newly formatted songs. === ttfn, marc