Apple Inc (AAPL)

[fmikehugo]

10:34 LOUD Loudeye started with a Buy at Ferris Baker; tgt $4 (1.56 +0.04)

Ferris Baker Watts initiates coverage of LOUD with a Buy rating and $4 target; firm notes that the co is the industry leader in the emerging industry of business-to-business digital music products; also, within weeks the co is expected to formally launch its new "white label" service, which allows any co to quickly launch an online music store. In addition, earlier this week the co announced its acquisition of On Demand Distribution, the leading European business-to-business digital music provider, and the combined co now serves more than 200 customers worldwide, including Microsoft Network, Coca-Cola, MTV, and Virgin.