Amazon.com Beefs Up CD Sales; Stock Surges

Amazon.com Beefs Up CD Sales; Stock Surges

The "world's largest bookstore" may be on its way to becoming one of the biggest music stores, too. Two weeks ago, <A HREF="http://www.amazon.com">Amazon.com</A&gt; began a big push into CD retailing, more than doubling the number of its musical offerings to over 100,000 titles. (Competitor <A HREF="http://www.cdnow.com">CDnow</A&gt; offers over 500,000 titles.) Visitors to the Amazon website can now click on a tab that will take them to a new music site, where they can listen to audio previews and read reviews, reprints of articles on bands and musicians, and music-industry news.

Carlton to Acquire Nimbus for $264 Million

Carlton to Acquire Nimbus for $264 Million

On June 17, <A HREF="http://www.carltonplc.co.uk/">Carlton Communications</A>, owner of Technicolor, announced that it has entered into a merger agreement to acquire <A HREF="http://www.nimbuscd.com/">Nimbus CD International</A>, one of the world's largest independent manufacturers of optical discs, including CD-Audio, DVD, DVD-ROM, and CD-ROM.

American Mobile Radio Boosts Capacity

American Mobile Radio Boosts Capacity

Digital radio company <A HREF="http://www.worldspace.com/">American Mobile Radio Corporation</A> announced last Wednesday that it has exercised a $52.9 million option to upgrade its satellites. The move will potentially double the channel capacity of AMRC's nationwide satellite-direct audio radio service (SDARS), scheduled for the year 2000.

Harman Expects Lower Earnings; Asian Crisis Blamed

Harman Expects Lower Earnings; Asian Crisis Blamed

Fiscal year 1998 will be one of diminished expectations for <A HREF="http://www.harman.com">Harman International Industries</A>, Chairman Dr. Sidney Harman announced last week to assembled analysts and fund managers at a meeting in New York. He laid much of the blame on the continuing economic slump in Asia.

Advertisement
Advertisement
Advertisement
Advertisement