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| CDNow, Inc. | Nasdaq: CDNW | Branch: Internet Shops & Markets |
Profile:
CDNow is the biggest and one of the first Internet retailers
specializing in CDs, cassettes, videos, T-shirts, and DVD's. CDNow
has a well-known brand name. CDNow merged in March 1999 with N2K,
Inc (formerly NTKI). N2K was known by its domain name www.musicboulevard.com.
This merger was necessary because of the fierce competition in
this market, especially after Amazon joined the fray. CDNow
will soon be undergoing some changes because they have agreed to be bought by Columbia
House, the club membership joint venture between music and
movie giants Sony and Time Warner.
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Management: CEO-founders and twins Jason and Matthew Olim still own about 20% of CDNow. Jason has a degree in computer science and worked before 1994 as a software engineer. We don't know what their position will be after the sell-out, but we don't feel sorry for them. If you really want to know more just buy their book The CDnow Story at their biggest competitor... Amazon. |
Started: February 1994
IPO: February 1998
CDNow on the Web:
main page: http://www.cdnow.com
investor relations: n/a
current stock price: click here
Cool ! |
Not so cool... |
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Competitors:
Propus personal view:
CDNow has to maintain its position in a market with heavy competition
and with big names like Amazon. Their fusion with Columbia House
is the only way to survive this by using economies of scale.
Order with CDNow:
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