Summary:

Chicago Tribune says, “Napster Inc, the file-sharing company with the groovy name and a checkered past, may be legitimate now, but that’s no guarantee of long-term success. The company has been burning through a lot of cash, though it expects to be profitable in a couple […]

Chicago Tribune says, “Napster Inc, the file-sharing company with the groovy name and a checkered past, may be legitimate now, but that’s no guarantee of long-term success. The company has been burning through a lot of cash, though it expects to be profitable in a couple of years. Of course, a bunch of Internet-based companies said the same thing, and they went bankrupt. They had no underlying business, and all the venture capital in the world wasn’t going to save a financial phantom.” I guess the competition with iTunes makes it tough for all comers, and with Microsoft planning its own music service, Yahoo going all speakers blazing, the little music distributors like Napster face an uphill task. via

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