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Play For Sure, eh...

Napster Hitting Bottom? Rumors Circulate, Earnings Call Coming
Ahead of a Napster earnings call scheduled for early February, reports of a dire company situation have emerged. According to sources close to the situation, a substantial round of layoffs are now imminent. In comments to Digital Music News, the sources noted that executives at the company are also reportedly considering various exit options, including a fire sale or liquidation. A Napster representative countered the claims, noting that there are "no imminent plans for significant layoffs," while denying any intentions to liquidate or sell the company. Meanwhile, Apple has claimed a hefty 83 percent of the market, a dominance that has created a squeeze for Napster and others. The story is expected to develop over the next few weeks.

The third quarter financial results will be hosted by CEO Chris Gorog and CFO Nand Gangwani. Analysts and investors can dial-in to the conference, or listen to a live webcast from the Napster website. Napster’s strategic initiatives during the quarter included the launch of Napster Germany; a deal with XM Satellite Radio; and the expansion of the Napster Ringtones service to network provider Alltel. Napster shares presently stand at $3.27, down $6.57 from its 52-week high.

Napster Investor Relations "Napster Third Quarter 2006 Financial Results"
Digital Music News (1/10/2006) "Napster, Dijji Position Ringtones Service on Alltel"
Digital Music News (12/9/2005) "Napster Launches in Germany, 1.5 Million Tracks"
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Play For Sure, eh...

Napster Hitting Bottom? Rumors Circulate, Earnings Call Coming
Ahead of a Napster earnings call scheduled for early February, reports of a dire company situation have emerged. According to sources close to the situation, a substantial round of layoffs are now imminent. In comments to Digital Music News, the sources noted that executives at the company are also reportedly considering various exit options, including a fire sale or liquidation. A Napster representative countered the claims, noting that there are "no imminent plans for significant layoffs," while denying any intentions to liquidate or sell the company. Meanwhile, Apple has claimed a hefty 83 percent of the market, a dominance that has created a squeeze for Napster and others. The story is expected to develop over the next few weeks.

The third quarter financial results will be hosted by CEO Chris Gorog and CFO Nand Gangwani. Analysts and investors can dial-in to the conference, or listen to a live webcast from the Napster website. Napster’s strategic initiatives during the quarter included the launch of Napster Germany; a deal with XM Satellite Radio; and the expansion of the Napster Ringtones service to network provider Alltel. Napster shares presently stand at $3.27, down $6.57 from its 52-week high.

Napster Investor Relations "Napster Third Quarter 2006 Financial Results"
Digital Music News (1/10/2006) "Napster, Dijji Position Ringtones Service on Alltel"
Digital Music News (12/9/2005) "Napster Launches in Germany, 1.5 Million Tracks"

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