friendlyfred: eDigital's entree into
the DAP field came via their association with Lucent. In fact, they were "entrusted" with the development/marketing of LU's epac codec. Unfortunately, by the spring of 2000, epac had been dismissed by the nabobs of the music industry as lacking robustivity, and AAC, ATRAC and WMA were the codecs of choice by the labels. I firmly believe that the management of eDigital was aware of this development but certainly didn't share the information. Further, they continued to hype DAPers that were supposedly being manufactured and marketed by Maycom that never did find their way to market.
I, like many others, saw the NASDAQ listing application as the "way out," and waited for the acceptance, that although promised, never materialized. By the time that the rejection was revealed by the company, the share price was under $3.00, I believe.
