Napster has begun its life as an independent company, following the completion of the sale of former parent Roxio's software operation. Roxio's stock began trading under the NAPS indent yesterday as the company dropped its old name the better to reflect its sole focus on digital media. And with the software side of the business gone, we now get a (slightly) better picture of how Napster - the digital music enterprise - is doing. The company reckons it will report revenues of around $11m for the three months to 31 December 2004, up 18.3 per cent from the previous quarter's $9.3m.
News source: The Register
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