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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Bouf who wrote (14296)	4/8/1999 8:24:00 PM
From: Jimmy Dunn	Respond to of 25711

On-line music gets plug on Bloomberg TV. Take a look at gnen at just over 20 cents. Seagram Co is being displayed as both a stock to watch and as a winner due to their alliance with Bertelsmann to create an on-line music site. Now here is a little thought for everyone. Over the years, companies such as gnen have often outperformed the big boys in profits, or at least done exceptionally well considering their size. Why? In college I worked with a small recording studio for a while. I think that they were much more in touch with the music world then many of the larger companies. In fact, many large music related companies that we see today originated in Detroit as small companies filling the music market's need for early rock. They appeal to what are often very strong underground music movements, as well as filling other market needs And a few good pops can earn them a lot of money very quickly. And particularly over the internet, some very nice things may happen for gnen in competition with these other big boys. Certainly people like Seagrams and cdnow.com will do considerable advertising, and will draw more music buyers to the net then ever before. I hate to break it to you folks, but I think the music industry brings in a lot more revenue in the real world then do books. This sector could get very hot with this action heating up between Seagram and cdnow.com. I'm talking about on-line music buying as the ad campaigns gear up. And guess who is going to end up benefiting considerably. We are at the right time at the right place, with an on-line site, and a net name, I might add, better then cdnow.com. So get ready. We have several big players about to go at each other for on-line music, just as they have for on-line brokerage, books and others. Every time this has happened, small price companies such as gnen have become big-time winners.