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Napster loses - digital music companies gain

13 February 2001 7:00 by Petteri "dRD" Pyyny

As news came in yesterday about Napster's ruling (see the news), stocks of digital music companies soared in Wall Street.

EMusic.com gained over 69% and MP3.com also gained over 8% when investors wanted to believe that now when Napster is (hopefully not) gone, there would be business opportunities in other forms of digital audio distribution.

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Related articles:

  • Napster to remove 135,000 songs (12 March 2001)
  • Napster will go legal in mid 2001 (14 February 2001)
  • Federal court: Napster must stop (12 February 2001)
  • Judgement day for Napster (12 February 2001)
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