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Technology Stocks : Sirius Satellite Radio (SIRI)

SIRI 21.69

-0.9%

Feb 12 3:59 PM EST

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From: pcstel	1/19/2007 11:35:09 AM
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Judge Finds XM Satellite Radio Might Be Cheating Music Companies NEW YORK (AP) -- A lawsuit in which record companies allege XM Satellite Radio Holdings Inc. is cheating them by letting consumers store songs can proceed toward trial, a judge ruled Friday after finding merit to the companies' claims. U.S. District Judge Deborah A. Batts made the finding in a case brought by Atlantic Recording Corp., BMG Music, Capitol Records Inc. and other music distribution companies against the licensed satellite radio broadcaster. In a lawsuit last year, the companies said XM directly infringes on their exclusive distribution rights by letting consumers record songs onto special receivers marketed as "XM + MP3" players. XM has argued it is protected from infringement lawsuits by the Audio Home Recording Act of 1992, which permits individuals to record music off the radio for private use. The judge said she did not believe the company was protected in this instance by the act. biz.yahoo.com Anyone wanna' guess what kind of damages the Record Industry is going to seek?? Well, that will be the end of the Inno Retail Product. NEXT......... I am sure glad that our "crack" legal analyst David Ray assured everyone that this was meritless.. LOL!! Kind of like his "on crack" accounting concepts. And so it goes, PCSTEL

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