| MONEY MAGAZINE ARTICLE: JACKPOT STOCK by: raultjm (29/M/Studio City) Long-Term Sentiment: Strong Buy | 08/30/03 03:05 am Msg: 4218 of 4372 |
| Money magazine. August 2003. p 92. TRY FOR THE JACKPOT. Roxio. Recommended by Firsthand Funds' Kevin Landis, Roxio is an obscure little software company you'll probably be hearing more about. Last November, Roxio spent $5 million to buy the name, patents and website of the backrupt music-swapping service Napster. Since then, Roxio has entered into licensing deals with all the major record labels and big independents, and will soon relaunch Napster as a legitimate online music site. It remains to be seen whether onetime Napster users will return to pay for music that they once swapped for free. But Landis is hopeful: "Now that Apple has demonstrated [with iTunes Music Store] that people are willing to pay a reasonable amoung of money for online music, Roxio now has a chance to do that for the 90% of consumers who are on PCs." At $6 a share, Roxio has a market cap of only $120 million. If the Napster relaunch is successful, Landis believes Roxio would be deserving of the same $2 billion of $3 billion valuation that Google is expected to get from its IPO. In other words, a true potential jackpot stock. | |
Top-News
Lust auf einen Jackpot-Stock?
Beiträge:
3
Zugriffe: 320 / Heute: 1
Zugriffe: 320 / Heute: 1
Live Headline
08-Sep-03
08:22 ET Roxio tgt raised to $15 from $12 at Piper Jaffray (ROXI) 9.22: Piper Jaffray maintains its Strong Buy on ROXI and raises its price target to $15 from $12, based on the firm's belief that, at a minimum, Napster will be as successful as Apple's iTunes. Firm is confident that there is a shift in the distribution of music to an online format. Firm is lowering its EPS estimates for FY05 to ($0.37) from $0.04, to account for higher Napster related spending assumptions.
08-Sep-03
08:22 ET Roxio tgt raised to $15 from $12 at Piper Jaffray (ROXI) 9.22: Piper Jaffray maintains its Strong Buy on ROXI and raises its price target to $15 from $12, based on the firm's belief that, at a minimum, Napster will be as successful as Apple's iTunes. Firm is confident that there is a shift in the distribution of music to an online format. Firm is lowering its EPS estimates for FY05 to ($0.37) from $0.04, to account for higher Napster related spending assumptions.
Es gibt keine neuen Beiträge.
