Apple Inc (AAPL)

[fmikehugo]

LOUD Loudeye management meeting was positive
Ferris Baker Watts (1.19 ) 09:22

Ferris Baker Watts has been on the road visiting accounts with the CFO of Loudeye. The firm has been encouraged by the additional info garnered on the trip and by investors' responses to the co's story. The biggest surprise to investors seems to be the co's newly acquired Overpeer anti-piracy business. When acquired, the co had annual revs of $1.5 mln. Already, Loudeye has the co at a run rate of more than $5 mln per year.... Loudeye will be late in filing its 10-Q. The firm received an in-depth explanation of the issue that caused the postponement, and is very comfortable assuring investors that there is no reason for concern. The rumor mill is heating up with talk that Microsoft (MSFT) will introduce its online music service as early as this week. Microsoft's entry into the market, along with the pending introduction of its Janus digital rights management system is a major step for the industry toward the acceptance of new devices (aside for the iPods) and open music formats.