From Peter Becker Sent Wed, Jul 21st 1999, 16:51
From Peter Becker Sent Wed, Jul 21st 1999, 16:51
Sorry for everyone who has gotten this already... Here comes some changes..... Peter -> e.Digital to License Liquid Audio's SP3 Music Business Daily e.Digital Corporation (OTC: EDIG) has announced that it has signed an agreement to license Liquid Audio's secure portable player platform (SP3) for use in its secure Internet music player design which features e.Digital's MicroOS(TM) operating system, DSP technology from Texas Instruments (NYSE: TXN), and the Lucent Technologies (NYSE: LU) EPAC music codec. SP3 is a comprehensive software solution for building interoperable, secure, portable music devices. SP3-based devices deliver an improved consumer experience and support the playback of music in many leading formats. The design will be provided to OEM manufacturers as the basis of their branded, secure music players. Fred Falk, president and CEO of e.Digital, stated, "e.Digital and its technology partners are developing the first non-MP3 Internet music player and this agreement with Liquid Audio further strengthens our position as the next-generation device for downloadable music. The addition of Liquid Audio's security measures help ensure that our SDMI-compliant player will support all secure music formats. The consumer will enjoy the entire experience of downloading and playing music, and the artists and retailers will enjoy adequate and thorough protection from music piracy every step of the way." He continued, "e.Digital and Liquid Audio, along with Lucent and Texas Instruments, have been very closely involved in the SDMI, and have combined products and leveraged their strengths in various technologies to create a complete, secure portable design." Together Liquid Audio and e.Digital are creating the first design that meets the requirements of both consumers and the music industry-it supports many leading music formats and enables interoperability among a range of music devices. Gary Johnson, DSP Audio Manager at Texas Instruments, and a founding member of SDMI, said, "TI is truly excited about the collaboration between e.Digital and Liquid Audio to create a secure portable digital music system for use with TI's DSP. TI offers the ideal low-power, high-performance DSP that efficiently supports all compression and security software of manufacturers and technology providers, such as e.Digital and Liquid Audio." The device design will meet all the industry standard guidelines established by the Secure Digital Music Initiative (SDMI) to stop the unauthorized copying and downloading of music off the Internet by building security measures such as encryption and decryption into compact discs, electronic music distribution (EMD) systems, personal computer hosts and portable players. e.Digital Corporation offers an engineering partnership for the world's leading electronics companies to link portable digital devices to PCs and the Internet. Engineering services range from the licensing of e.Digital's multi-patented MicroOS(TM) file management system to custom software and hardware development, design and manufacturing services. For more information on the company, visit http://www.edig.com. -> MP3.com IPO Today Music Business Daily MP3.com, Inc. (NASDAQ: MPPP) today announced its initial public offering of 12,300,000 shares of Common Stock at a price of $28.00 per share. Credit Suisse First Boston Corporation acted as lead manager, Hambrecht & Quist LLC acted as co-lead manager and BancBoston Robertson Stephens Inc. and Charles Schwab & Co., Inc. acted as co-managers for the underwriters. MP3.com has granted to the underwriters a 30-day option to purchase up to 1,350,000 shares of common stock to cover over-allotments, if any. MP3.com, Inc. (http://www.mp3.com) offers artists an alternative to traditional methods of promotion and distribution of music. The Company's Web site has grown into a premier online music destination. The Company uses the Internet and file formats that make music files smaller to enable a growing number of artists to broadly distribute and promote their music and to enable consumers to conveniently access this expanding music catalogue. The Company recently uploaded their 100,000th song from over 18,000 artists. Consumers can search, sample and download music free of charge. Investors seeking additional information can contact Karen Silva, Director of Investor Relations at (619) 320-2187 or xxxxxx@xxx.xxx. -> xxxx@xxxxxxxxx.xxx, Peter Becker fax: 718-246-6870 , attention "Becker, Box 282" mailing adress: 138 Court St. , Box 282 , Brooklyn, NY 11201