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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: 1-DAY-TRADER who wrote (55262)	4/28/2000 3:23:00 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

UPDATE 1 - U.S. court rules MP3.com violated copyright law By Derek Caney NEW YORK, April 28 (Reuters) - A U.S. federal court ruled on Friday that MP3.com Inc. <MPPP.O> violated copyright law with the creation of its database in which users can store music and then access it via any computer connected to the Internet. The ruling stemmed from a lawsuit filed in January by the world's largest record labels, which said that the database of more than 80,000 copyrighted albums, part of the online music downloading company's my.mp3.com service, represented copyright infringement. The database is part of the San Diego, Calif.'s company's software that allows computer users who own one of these recordings can listen to the albums over the Internet from any computer. Judge Jed Rakoff of U.S. District Court for the Southern District of New York issued a terse order holding MP3.com "liable for copyright infringement." The suit sought to shut down the service. The record companies suing MP3.com included Time Warner Inc.'s <TWX.N> music group, Sony Music Entertainment <7930.T>, Seagram Co.'s <VO.TO> Universal Music Group, and BMG, the music unit of Bertelsmann AG. <BTGGga.D>. The crux of the legal issue was whether MP3.com violated copyright law with the creation of the database, even though the my.mp3.com service cannot work unless the user owns an original copy of the copyrighted work. Most of the other music that can be downloaded via MP3.com is from acts that are not under contract with a record label. Neither MP3.com nor the Recording Industry Association of America, the trade group that represents the record companies, was immediately available for comment. The suit was part of the RIAA's anti-piracy crusade, which comes against the backdrop of the success of MP3 technology, a format that allows music to be downloaded from the Internet in small amounts of data. RIAA also has a pending suit against San Mateo, Calif.-based Napster Inc., the popular song-swap software company. MP3.com is also the target of a copyright infringement suit brought by MPL Communications Inc., the publishing company owned by former Beatle Paul McCartney. MP3.com shares were down 4-5/8 to 7 in late Nasdaq trading, after touching an intraday record low of 6-1/2 earlier in the session. 15:02 04-28-00