Mar 3, 2005

Napster Raises Revenue Guidance

The main impact of this is on Apple (AAPL). I view it as a positive and if AAPL breaks that small near term range to new highs it could really put in a big day.

This is the story on Napster.
Napster (Nasdaq: NAPS), the biggest brand in digital music, today raised guidance for its fourth fiscal quarter ending March 31, 2005. Napster now expects to report revenues of approximately $15 million for the fourth quarter, an increase from its prior projection of $14 million. "We are raising our guidance based on robust growth in our subscription service," said Chris Gorog, Napster's Chairman and CEO.

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