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Technology Stocks : MPPP - MP3.com

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To: Jack Hartmann who wrote (906)	2/8/2000 6:02:00 PM
From: Jack Hartmann	Read Replies (1) of 1116

MP3.com, RIAA square off with suit Countersuit cites alleged 'bullying' By Steve Gelsi, CBS MarketWatch Last Update: 5:17 PM ET Feb 8, 2000 Net Stocks SAN DIEGO (CBS.MW) -- MP3.com filed suit against the Recording Industry Association of America for alleged unfair business practices, less than three weeks after the same trade organization charged the online music specialist with copyright violations. MP3.com (MPPP: news, msgs) charges RIAA Chief Executive Hilary Rosen with speaking to equity analysts about RIAA's copyright lawsuit three days before it was filed. MP3.com Chief Executive Michael Robertson said in a statement that the RIAA was engaged in "bullying tactics." On Feb. 21, the San Diego-based company was sued by the RIAA in a move that could shape the fate of billions of dollars in music royalties. The controversy is swirling around a new service by MP3.com to offer digital copies of CDs purchased by consumers. "Simply put, it is not legal to compile a vast database of our members' sound recordings with no permission and no license," Rosen said in an open letter to MP3.com last month. "And whatever the individual?s right to use their own music, you cannot exploit that for your company?s commercial gain." Shares of MP3.com closed unchanged at 28 1/2 Tuesday. The RIAA couldn't be reached for comment. cbs.marketwatch.com Seems like lawyers will be rich on this. Jack

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