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Technology Stocks
Liquid Audio Inc - (Nasdaq- LQID)
An SI Board Since May 1999
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674 16 0 LQID
Emcee:  Mohan Marette Type:  Unmoderated
Online music firm Liquid Audio sets splashy IPO

By Scott Hillis

(Courtesy:Reuters via Yahoo)

LOS ANGELES, May 5 (Reuters) - Internet music firm Liquid Audio Inc. said on Wednesday it planned to go public in the next few months as its moves to become a major player in delivering digital music online.

Redwood City, Calif.-based Liquid Audio said it had filed with the Securities and Exchange Commission for an initial public offering of common stock.

Company executives were unavailable for comment, due to the mandated ''quiet time'' before an offering, but the shares would likely start trading on Nasdaq in late June or early July.

Liquid Audio declined to say how many shares would be offered or how much it expected to raise, but said the funds would be used to build out its music distribution network.

The IPO was expected to generate intense interest among investors whose enthusiasm for Internet-related stocks has created incredible valuations for many newly public technology companies.

''Over the last several months it's been proven that investor appetite for Internet IPOs is almost insatiable,'' said Michael Kim, an analyst with Wedbush Morgan Securities.

Launched in 1996, Liquid Audio has attracted a total of $30 million in private investment. Stakeholders include PC chip heavyweight Intel Corp. (INTC - news) and Microsoft Corp. (MSFT - news) co-founder Paul Allen's Vulcan Ventures.

The company's Liquid Music System can encrypt digital music so that it cannot be copied illegally -- a key condition for securing support of artists and record companies alarmed by how easy the Internet has made piracy.

The system is one of several digital music formats that hopes to lure the backing of major record labels to enable the mass distribution of CD-quality music over the Internet on to PCs and portable playback gadgets.

In recent months the company has shifted more attention to building out a music distribution network, and now boasts some 240 sites that offer songs using its technology.

Major recording companies are taking Liquid Audio seriously and firms like BMG and Rounder Records are using its technology to reach consumers over the Internet.

But the IPO is certain to put the start-up head to head with software goliath Microsoft and telecommunications giant AT&T Corp. (T - news), which are pushing their own digital music formats.

Liquid Audio also faces a challenge from MP3, a digital music format that employs no copyright protection but has won major support from consumers for its ease of use and availability.

Liquid Audio also offers a secure version of MP3.

The offering will be managed by Lehman Brothers, BancBoston Robertson Stephens and U.S. Bancorp Piper Jaffray.

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674Steel Partners, the entity that controls LQCI, has assumed control of NOVT CorpoGlenn Petersen-4/8/2006
673After spending three years as a shell and burning through another $700,000 last Glenn Petersen-4/8/2006
672<b>Corporate America just doesn’t understand Jim Mitarotonda.</b> wGlenn Petersen-7/20/2004
671<b>L Q Corporation, Inc. Announces Reverse and Forward Stock Splits to TakGlenn Petersen-7/20/2004
670<b>Liquid Audio Declares $2.50 Per Share Cash Distribution</b> REDWGlenn Petersen-12/7/2002
669<b>Liquid Audio ends merger plan</b> By Lisa M. Bowman Staff WriteGlenn Petersen-11/11/2002
668<b>Raiding the dot-com piggy banks</b> By John Borland Staff WritGlenn Petersen-10/24/2002
667<b>Liquid Audio Shareholders Consider Liquidation</b> September 25,Glenn Petersen-9/25/2002
666Liquid Audio Merges with Alliance Entertainment June 13, 2002 By Ryan NaraineGlenn Petersen-6/13/2002
665Steel Partners II, L.P. Sends Letter to Liquid Audio, Inc. Board of Directors bGlenn Petersen-4/23/2002, Inc. Mails Letter to Liquid Audio Stockholders; Expresses ContinGlenn Petersen-4/23/2002
663Dolby Laboratories Demonstrates New AAC Consumer Encoder NEW YORK--(BUSINESS WIJohn A. Stoops-12/1/2001
662Steel Partners offers to buy Liquid Audio By Ben Berkowitz LOS ANGELES, Oct 22Glenn Petersen-10/22/2001
661LQID on Barrons list of stocks with good cash to market cap ratio. Recent volatjlib-6/12/2001
660if you buy below 50% of cash value, a quick pop is almost always guaranteed ... stock leader-5/22/2001
659>"It appears profit is required!" I'm accumulating this stricjlib-5/22/2001
658I don't own this bob. I wouldn't buy anything but Number One ( and hold10K a day-3/30/2001
657Impristine, Is it possible that you and I are the last here? Appears as alwaysBob Williamson-3/30/2001
656Who Cares about Respect! Any stock up 21 percent...Whooo HOOOOOOO Hail Mary!10K a day-11/13/2000
655BMG rumored to be considering LQID as an acquisition... could be a nice marriagMaryinRed-11/12/2000
654Interesting. No rebuttal about non-user friendly software: Message 14735969Walter Morton-11/6/2000
653LQID announces that it is interested in bidding on the assets that mayWalter Morton-11/3/2000
652I read an even better article earlier. The country of Japan must be very embarrWalter Morton-10/26/2000
651Maybe. But what the h*** is this all about? P.Prognosticator-10/26/2000
650Another satisfied client: Message 14663650Walter Morton-10/26/2000
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