Thursday, January 03, 2008

Investors, "Beware" of Record Companies

"The Motley Fool investment Web site warns investors to beware
of 'Sony, BMG, Warner Music Group, Vivendi Universal, and EMI.' In an
article entitled 'We're All Thieves to the RIAA,' a Motley Fool
columnist, referring to the RIAA's pronouncement in early December in Atlantic v. Howell,
that the copies which Mr. Howell had ripped from his CDs to MP3s in a
shared files folder on his computer were 'unauthorized,' writer Alyce
Lomax said 'a good sign of a dying industry that investors might want
to avoid is when it would rather litigate than innovate, signaling a
potential destroyer of value.'"

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