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portable CD players

Does anybody know about these portable CD players like Sony Discman ?
On the PC I
"play stories.m3u"
where "stories.m3u" is just a list of mp3 files from librivox.org

If I put them on a CD will Discman play them, with a menu selection ?
Are they ATRAC or something ?
Any particular format needed ?
Any recommendations for CD player ?


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