Summary:

Business 2.0: “Though I am a recent convert to subscription music, I didn’t much like Napster’s sound quality, interface, or community features….Napster raises some significant red flags. First, the company, with $61.1 million in cash on hand, burned through $29.9 million in operating expenses last quarter. […]

Business 2.0: “Though I am a recent convert to subscription music, I didn’t much like Napster’s sound quality, interface, or community features….Napster raises some significant red flags. First, the company, with $61.1 million in cash on hand, burned through $29.9 million in operating expenses last quarter. Chris Rowen, an analyst with SunTrust Robinson Humphrey, says profits are “not likely in the next year or so.” … All of the analysts I spoke with, however, were quick to dismiss the recent injunction against Napster sought by SightSound, which claims Napster is infringing on its patents…” Eric Hellweg

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