He implied that, rather than return the cash to investors, the company may go shopping for a partner instead. We are going to be looking at some of these strategic alternatives. The company has nothing specific in mind yet, he said, but acknowledged the upcoming months would most likely bring some consolidation to the online music business. It's his job to pitch the stock to mutual fund managers. You've got credibility issues, but I'm still surprised institutional investors haven't stepped in.
Recent history shows caution is in order.
As far as lowly common stockholders are concerned, he's right. Send it . Use this version. E-mail this to a friend. Wired Digital Inc., a Lycos Network site.