Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Diamond Multimedia -- Ignore unavailable to you. Want to Upgrade?

To: Eric Winterhalder who wrote (4322)	4/22/1999 3:08:00 PM
From: steve patagonia	Respond to of 4679

I agree, I think DIMD is making an internet play with Rioport which recieves many hits and may very well become a major portal for news and downloads whether it be amateurs with mp3 or a copyproof format of upper tier artist. There's still things to come. For example, one can't get mp3 files out of their Apple into their Rio. This will probably be one announcement. Another announcement might be; new Rio's will play MSFT's Audio 4 or IBM/Sony's copyproof format. Another might be that DIMD decides to branch off Rioport.com in an IPO. This field is wide open. Unfortunately Lawyers are sucking money because of disagreements. I was going to sell my shares at a loss, but now I've decided, Naaaaaaa. This company is still in the black and the game is just begining. Also, DIMD may win it's counter suit against the RIAA. Let's not give up too easy.

To: Eric Winterhalder who wrote (4322)	4/22/1999 3:25:00 PM
From: Eric Winterhalder	Read Replies (2) \| Respond to of 4679

After listening to the conference call I decided the best thing would be to get out and not look back for the following reasons: 1) Management has lost all credibility with the "street" and remaining long term investors. 2) Q2 will be worse than Q1.. management projecting only around 75,000 Rio's to be sold for Q2..they'll never sell anywhere close to the 750,000 figure mentioned in recent press for the year (even with RioII) and in the meantime I suspect they will continue to lose money in their multimedia products division. 3) No real direction or plans for Rioport...they essentially dont know what there going to do with it. I would surmise that MP3.com will get most of the advertising dollars and A-list artist deals if MP3 is ever embraced by the recording industry which at this point isnt a given. 4) No share buy backs and continued selling by Schroeder via his 50,000 share per Q program and most likely by other insiders. I other words continuing erosion of shareholder value while senior management reap substantial compensation for IMO incompetence. 5) All I can hope for is a buyout which is probably unlikely. 6) Overall tone of the call was poor...there were some really sarcastic remarks by those present for questions and Schroeder/Walker both came off as kind of disinterested and uncaring. 7) IMO they are either completely incompetent or are just outight dishonest I dont know which but I really dont care at this point...the outcome will be the same. IMO this stock is done for the forseeable future