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To: Johnny Stone who wrote (14469)	5/16/1999 10:24:00 PM
From: taxgun	Respond to of 19109

one pie-hole down, and one to go jp

To: Johnny Stone who wrote (14469)	5/17/1999 12:54:00 AM
From: Larry Panik	Read Replies (1) \| Respond to of 19109

yes Johnny. Here it is. Friday May 14 9:12 PM ET Online music distributor MP3.com plans to go public SAN DIEGO, Calif. (Reuters) - Internet music distributor MP3.com Inc., named after the popular compression and downloading technology that has caused an uproar in the music business, said Friday it planned to go public in an initial stock offering that would raise about $115 million. The MP3 technology, which is not owned by MP3.com, enables people to download near CD-quality music from the Internet, usually at a cost well below typical retail prices. MP3.com is not the only online company offering MP3 technology, but it has emerged as an early leader. Its Web site (www.mp3.com) contains more than 56,000 songs from over 11,000 artists -- one of the largest collections on the Internet, the San Diego-based company said. The technology has won strong support from consumers for its ease of use and availability, but also has alarmed record companies wary of how easy the Internet has made piracy. MP3.com, however, faces competition from others technology platforms for compressing and downloading digital music, including AT&T Corp. (NYSE:T - news)'s a2b music and Liquid Audio. For their part, music industry leaders, in the form of the Secure Digital Music Initiative (SEMI), are crafting a technology standard to ensure that royalties are being paid for music delivered online. They hope to unveil the standard by this year. MP3.com also will face competition on Wall Street. Internet music firm Liquid Audio Inc., whose Liquid Music System can encrypt digital music so that it cannot be copied illegally, said last week it planned to go public in the next few months. Liquid Audio also offers a secure version of MP3. MP3.com did not disclose the amount of stock to be offered nor the estimated initial selling price in the initial public offering filed with the Securities and Exchange Commission, The IPO was made in a nominal amount, and companies usually amend initial public offering statements later to include the specific amount of stock to be sold and at what price. The company has applied to trade on Nasdaq under the stock symbol MPPP.O. The offering will be made through Credit Suisse First Boston, Hambrecht & Quist, BancBoston Robertson Stephens and Charles Schwab & Co. Reuters/Variety