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dSounds.com is For Sale

NAPS ø profit

Napster has ended its fiscal quarter with some money in its pocket, not from digital music related business but from selling off Roxio consumer software division.

Last year, over the same time period, the company had a net loss of $25.6 million.

This last quarter saw the company posting a loss of $16.4 million with revenue of $12.1 million which was up almost four times since the quarter before $3.6 million.

The company claimed it had a 50% growth in subscribers to its digital music service.

Napster set a fourth quarter revenue target above analystÕs expectations which may have helped he stock price climb 76 cents in after hours trading.

For the full story:
Macworld UK - Napster sees profit ø from sold-off Roxio