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

To: Walter Morton who wrote (4333)	5/18/1999 2:51:00 AM
From: bob	Read Replies (2) \| Respond to of 18366

From RB; By: FullTilt Reply To: None Tuesday, 18 May 1999 at 2:34 AM EDT Post # of 20384 Just found this off the Microsoft newswire. Looks like there's dissention amongst our competition. From The Wall Street Journal NEW YORK -- The senior management of AT&T Corp.'s A2B digital-music delivery unit has stepped down and joined Reciprocal Inc., a Microsoft Corp.-backed provider of clearing-house services for digital transactions. Among those leaving are A2B's cofounders, Larry Miller and Howie Singer, who are highly respected in the music industry. Reciprocal says about a dozen A2B executives are joining its company, leaving about a dozen workers behind. AT&T said that more than two dozen workers are involved in its A2B music effort, but that it didn't immediately have total head-count numbers available. Mr. Miller and Mr. Singer will run Reciprocal's music unit. AT&T denies that the management departures will hurt its prospects in the digital-music arena. "Two individuals do not make a business," said Mercedes Walton, vice president of corporate strategy and business development for AT&T. AT&T is negotiating with Seagram Co.'s Universal Music Group, Bertelsmann AG's BMG Entertainment and Matsushita Electric Industrial Co. to cooperate on a digital music-delivery system, code-named "Nigel." AT&T said the departures won't affect those talks. AT&T is retaining the A2B brand name and the technology that was originally developed by AT&T Labs. AT&T says that shipping "soft goods" like music via cable wires is one way that AT&T will leverage its huge investment in cable systems. A2B managers had been pushing AT&T to spin off A2B, in part to let the founders profit from the company they had been building, according to people familiar with the matter. But AT&T concluded it wanted to retain control of the business. (END) DOW JONES NEWS 05-18-99 12:48 AM