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

To: Joe Lyddon who wrote (3916)	5/11/1999 12:24:00 AM
From: John Walz	Read Replies (1) \| Respond to of 18366

This guy picked EDIG @ 0.106, worth a look- The Internet & Casino Stock Report May 11, 1999 Market Overview: A recovery in Internet stocks helped lead the Nasdaq higher while the Dow and S&P retreated. We anticipate that the return to technology stocks will continue. Friday's favorable payroll numbers favor a shift from cyclicals to technology issues. As mentioned in last night's report the big dogs led the way this afternoon; Yahoo! (YHOO) +8 1/4 to 155 11/16, Amazon (AMZN) +10 1/2 to 146 7/8, and America Online (AOL) +10 1/8 to 128 5/16. Stocks to Watch: Edify Corp (EDFY): Gap higher open today with heavy volume. This online banking software maker is now a favorite of the street. At $14 7/8 the stock is now up 70% from our initial comments on April 16th. A close over $15 would provide an objective of $22. Mortgage Bankers Holding Corp (MBHC): Pullback to 0.34 on low volume signals a possible reversal; likely a bull flag formation. The trend remains up. Finet Holdings (FNHC): Stock zoomed higher by 1 3/4 to 9 1/8 (+23%). Volume of 4.8 million shares today. Our objective is now $12.00 (2-3 weeks), a 50% retracement of the April 14th high to May 5th low. Platinum Technology Group (PTET): We still hold half our original position. Technical chart pattern is bullish. Today's volume of 258,000 was the highest in more than 2 weeks. The stock closed at 8 5/8 (+8%). A close over $9 is required to verify a breakout to the upside. eLottery (ELOT): We were left unfilled at our bid initially bid at $4 1/2. Today's higher low of 4 5/8 vs. yesterday's low of 4 1/2, coupled with lower volume suggests a possible reversal. This stock is now 60% off its April 14th high of $12.00 A short-covering bounce to $8.00 in the next few weeks remains likely. Group V (GRPV): The little cousin of eLottery, this bulletin board-traded company runs an online lottery related website. Recent news that the CEO was buying shares has boosted the stock price since our comments earlier last week. The stock closed at 0.55 today +38%. A bit extended in the short term but recent volume suggest there is more room on the upside. Now its easier than ever to find us on the Web: traderjohn.com Disclaimer: The information provided above is believed to be accurate. Earnings and revenues may be estimated for the purposes of evaluation and comparison. This letter is a general circulation publication. We do not give investment advice, nor do we at any time manage or direct the funds of any person or company other than our own. Positions contained in this report are the publisher's personal trades, and are not intended as trading advice for readers. This report is issued solely for informational purposes and content is not to be construed as being an offer to sell or a solicitation to buy any security. We do strongly recommend that readers contact their personal investment advisor or broker for advice pertaining to any investment questions they might have. The publisher is not a registered investment advisor, but rather a news editor and a stock trader for his own account.

To: Joe Lyddon who wrote (3916)	5/11/1999 12:53:00 AM
From: bob	Read Replies (1) \| Respond to of 18366

Article of interest. Secure Digital Music Framework Reached May 10, 1999 -------------------------------------------------------------------------------- WASHINGTON, DC, U.S.A., Newsbytes via NewsEdge Corporation : The Secure Digital Music Initiative (SDMI), astandards group made up of major players in the recording and computer industries, said it has reached a consensus on a technical framework for ensuring copyright protection of digital music that is downloaded from the Internet. Meanwhile in the growing scramble to distribute music online, four powerful SDMI members - Seagram's Universal Music Group, AT &T Corp., Bertelsmann's BMG Entertainment Group and Matsushita Electric Industrial Co. - separately hinted to reporters that they are close to forming an alliance to develop a system that lets consumers access music online. The SDMI group said the framework - the outcome of the group's May 3 - 5 meetings in London - "deals with both protected and unprotected music in a consumer-friendly manner while still creating a mechanism to limit future piracy of copyrighted music on CDs and new formats." SDMI said a standard for portable devices is on track to be completed by June 30, with a long-term specification scheduled to be released March 31, 2000. Kevin Hause, director of International Data Corp.'s consumer devices research, said SDMI's announcement that it will meet its targeted June deadline is a positive sign for the digital music industry. The key question that remains, he said, is whether SDMI will adopt a firm standard for the secure distribution of music or offer a looser set of standards that would allow multiple technologies on the market. If it's the latter, he said, "we won't be too much further along than we are today." The group did not specify what shape the standard will take in a statement released Thursday, but Leonardo Chiariglione, SDMI's executive director hinted in press reports that the framework will be open to a variety of technologies. "SDMI won't tell companies how to protect music, but it will deliver a framework where different solutions can find a home," he said. SDMI members who attended the London meeting were traveling Thursday and unavailable for comment. Concern over the MP3 digital music format, which allows users to download and distribute CD-quality music for free, has rapidly developed into an explosive issue in the recording industry. SDMI was established last year by the Recording Industry Association of America to develop standards to protect music copyright on the Web. The possible online music alliance of Seagram, AT&T, Bertelsmann and Matsushita was reported by the Wall Street Journal Europe and Bloomberg News, which cited sources familiar with the negotiations. SDMI's Chiariglione told Bloomberg that such an alliance was "completely compatible" with the group's objectives. IDC's Hause said the potential alliance of some of SDMI's most powerful members could have some influence on the group's framework. "Getting this in ahead of (the completed framework) may give some sway to the direction the SDMI goes, " he speculated.