To: REW who wrote (25094 ) 4/11/1999 6:25:00 PM From: ztect Read Replies (1) | Respond to of 44908
..Excerpts from an interesting READ from 4/11/99 NY Times Article.... nytimes.com In Business Section on 2nd page... The Music Man of the Internet By ALEC FOEGE "...Robertson says he doesn't worry much about competition, even if it's Microsoft....he asserted that in the Internet world, timing and instincts could be as valuable as capital. It is a lesson he says he learned observing his idol, Steven P. Jobs. "He did it with Apple; he did it with Pixar," Robertson said. "I've got a lot of respect for him because he zigged when everybody else zagged, and that's what we're doing MP3.com began two and a half years ago as the Z Company, a Yahoo-style search engine founded by Robertson. In October 1997, Greg Flores, now MP3.com's director of sales, showed the MP3 software to Robertson, who was impressed enough to buy the rights to the MP3.com domain name and to rename his company. MP3.com began two and a half years ago as the Z Company, a Yahoo-style search engine founded by Robertson. In October 1997, Greg Flores, now MP3.com's director of sales, showed the MP3 software to Robertson, who was impressed enough to buy the rights to the MP3.com domain name and to rename his company. At that point, MP3.com had four employees, including Robertson, working out of their homes. Last summer, it expanded into a 1,000-square-foot loft.....The business has since moved to a larger office and employs about 35 people.... ...Musicians also like Robertson's enterprise, which uses free music as a lure to sell compact disks, because he pays a generous 50 percent royalty rate. He can pay more than the 7 to 10 percent offered by record labels because he has none of their overhead or distribution costs and he pays no advances.Like other commercial sites offering free downloads, MP3.com makes money selling advertising and marketing information about its visitors. [Note: Money is NOT from product sales....This is NOT TSIG.com's model] ... Skeptics argue that Robertson has not built a viable business model and that any free download policy can facilitate piracy. "If he sells music, more power to him," said Hilary Rosen, chief executive and president of the Recording Industry Association of America. "I think it's the notion that music can be given away for free forever and there not be a return that is the economic joke." ...Robertson anticipates a battle between his company and the recording labels...." Please see the NY Times for the complete article ==============================Disclaimer: IMO TSIG has been successfully restructuring itself with an unique marketing strategy and integrated e-commerce business model with some very qualified new management. This restructuring is yet to be reflected in the company's filings. The company is fully reporting. These are my conclusions and mine alone. I encourage each and everyone to come to their own conclusions. I suggest those interested in understanding TSIG start their research via this link below to a website of compiled "due diligence". Do your own research before taking any position in any company to fully understand the risks associated with your investment decisions. This page includes several field reports on the company. geocities.com