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Napster has now completely taken on the business life of its own and is being traded on the Nasdaq as ÔNAPSÕ.

Parent company Roxio sold off its software operation on Dec. 17 2004 for $72.3m in cash and $13.6m worth of the Sonic Solutions, the company that purchased RoxioÕs software. Roxio, on Tuesday, became Napster to reflect its complete devotion to digital music.

With all things considered however, Napster looks like it will report a loss despite double-figure revenue growth. Napster however is looking at a bank account of $130m so they still have some time to become profitable.

For the full story:
The Register - Napster trades on Nasdaq