Napster loses - digital music companies gain

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.

Written by: Petteri Pyyny @ 13 Feb 2001 7:00