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To: blebovits who wrote (279)	2/13/2001 10:28:49 AM
From: StockDung	Read Replies (1) \| Respond to of 609

Bertelsmann says to press on with new Napster model REUTERS February 12, 2001 FRANKFURT – German media giant Bertelsmann vowed on Monday to push ahead with the development of a viable model for its partner Napster after a U.S. appeals court ordered a modified injunction against the online song-swap company. The 9th Circuit Court of Appeals in San Francisco said an injunction against Napster was "not only warranted but required." The court stopped short, however, of shutting down the service immediately. Bertelsmann (BTGGga.F) said it would press ahead with its "win-win" strategy, which is aimed at keeping Napster's popular service alive while making sure that artists, copyright holders and the music industry are paid. "File sharing is here to stay, and we will continue working to build a membership-based Napster service that will be supported by the music industry," Bertelsmann e-commerce Group Chief Executive Andreas Schmidt said in a statement. Napster's service, developed by a 19-year-old college dropout, lets users swap recorded music for free over the Internet by trading MP3 files, a compression format that turns music on compact disc into small computer files. The world's five biggest record labels – Universal Music (EAUG.PA), Sony Music (6758.T), Warner Music (AOL.N), EMI Group Plc (EMI.L) and Bertelsmann – are suing Napster, calling its service a haven for piracy that would cost them billions of dollars in lost music sales. But Bertelsmann has agreed to drop its lawsuit against Napster once its business model for the service is implemented and is urging the other record giants to drop their lawsuits and agree to the model as well. The appeals court directed U.S. District Court Judge Marilyn Patel to modify her original sweeping order issued in July, which would have effectively put the service out of business. The three judge panel said Napster may be liable for contributory copyright infringement to the extent that it knew of specific material on its system and failed to act to prevent its distribution.

To: blebovits who wrote (279)	2/13/2001 5:47:03 PM
From: StockDung	Read Replies (1) \| Respond to of 609

Krispy Kreme treated to upgrade Dain Rauscher Wessels calls stock 'A Best Idea for 2001' By Susan Lerner, CBS.MarketWatch.com Last Update: 4:14 PM ET Feb 9, 2001 NewsWatch Latest headlines Get Alerted NEW YORK (CBS.MW) -- Looks like analyst David Geraty has a sweet tooth - at least when it comes to Krispy Kreme Doughnuts. Shares of the donut retailer (KREM: news, chart) were fattened $2.05, or 3.2 percent, to $67 after the Dain Rauscher Wessels analyst boosted his rating on the stock to "strong buy" from "buy" and named it one of the firm's "Best Ideas for 2001." "During the last year we believe Krispy Kreme has solidified its position as the dominant industry player, and we believe the company's market share will continue to expand," Geraty told clients Friday. Today on CBS MarketWatch Nasdaq, Dow take a drubbing After Hours: EarthLink, Rainbow, others Fraud probe looms over Lucent StockWatch: Reflection is a wonderful thing Oracle shares pressured amid growth concerns More top stories... CBS MarketWatch Columns Updated: 2/9/2001 5:41:36 PM ET The company's dominant position reflects a brand that is as strong as any in the country, he said, and they go to great pains to protect and control the magical aspects of a Krispy Kreme experience that define the brand. As for management, Geraty said the team is proving to be among the best in the industry. "With growth expected to continue at a rate in excess of the stated growth rate, the company is wisely making infrastructure investments to support existing and future growth," Geraty said, noting that the company's stated growth rate is 25 percent but that calendar 2000 revenues are expected to grow more than 30 percent while earnings are seen growing 55 percent. The doughnut group also is investing heavily in people and training, and recently purchased a new facility to support an expanded training facility, he said. Geraty said he expects "another excellent quarter" to be reported Mar. 8, with sales and operating trends remaining strong reflecting solid comp gains, new store openings, and increased distribution channels. Geraty sees the company posting fourth quarter earnings of 26 cents a share, in line with the 26 cents a share forecast by analysts reporting to Multex. Geraty has a $100 price target for Krispy Kreme shares. -------------------------------------------------------------------------------- Susan Lerner is a reporter for CBS.MarketWatch.com.

To: blebovits who wrote (279)	2/13/2001 5:47:03 PM
From: StockDung	Respond to of 609

Krispy Kreme treated to upgrade Dain Rauscher Wessels calls stock 'A Best Idea for 2001' By Susan Lerner, CBS.MarketWatch.com Last Update: 4:14 PM ET Feb 9, 2001 NewsWatch Latest headlines Get Alerted NEW YORK (CBS.MW) -- Looks like analyst David Geraty has a sweet tooth - at least when it comes to Krispy Kreme Doughnuts. Shares of the donut retailer (KREM: news, chart) were fattened $2.05, or 3.2 percent, to $67 after the Dain Rauscher Wessels analyst boosted his rating on the stock to "strong buy" from "buy" and named it one of the firm's "Best Ideas for 2001." "During the last year we believe Krispy Kreme has solidified its position as the dominant industry player, and we believe the company's market share will continue to expand," Geraty told clients Friday. Today on CBS MarketWatch Nasdaq, Dow take a drubbing After Hours: EarthLink, Rainbow, others Fraud probe looms over Lucent StockWatch: Reflection is a wonderful thing Oracle shares pressured amid growth concerns More top stories... CBS MarketWatch Columns Updated: 2/9/2001 5:41:36 PM ET The company's dominant position reflects a brand that is as strong as any in the country, he said, and they go to great pains to protect and control the magical aspects of a Krispy Kreme experience that define the brand. As for management, Geraty said the team is proving to be among the best in the industry. "With growth expected to continue at a rate in excess of the stated growth rate, the company is wisely making infrastructure investments to support existing and future growth," Geraty said, noting that the company's stated growth rate is 25 percent but that calendar 2000 revenues are expected to grow more than 30 percent while earnings are seen growing 55 percent. The doughnut group also is investing heavily in people and training, and recently purchased a new facility to support an expanded training facility, he said. Geraty said he expects "another excellent quarter" to be reported Mar. 8, with sales and operating trends remaining strong reflecting solid comp gains, new store openings, and increased distribution channels. Geraty sees the company posting fourth quarter earnings of 26 cents a share, in line with the 26 cents a share forecast by analysts reporting to Multex. Geraty has a $100 price target for Krispy Kreme shares. -------------------------------------------------------------------------------- Susan Lerner is a reporter for CBS.MarketWatch.com.ppp

To: blebovits who wrote (279)	2/16/2001 4:19:49 PM
From: StockDung	Read Replies (2) \| Respond to of 609

Napster Developing Member-Based Business Model Reuters REDWOOD CITY, Calif., (Feb. 16) - Napster, the online music service embroiled in a legal battle over copyright issues, is developing a membership-based business with a unit of Bertelsmann AG to address record company concerns over artist royalties, the company said Friday. ''Today's announcement underscores one key fact: the real questions about Napster's future are economic, not technical or legal,'' Napster Interim Chief Executive Hank Barry said in a statement. ''This solution is further evidence of the seriousness of our effort to reach an agreement with the record companies that will keep Napster running, reliable, and enjoyable,'' he said. On Monday, a federal appeals court ordered Napster to stop its millions of users from trading copyrighted material, a decision that industry officials and legal experts said could shut the operation down as a free service. The new business model and technology enables digital music files to be transferred from computer user to computer user -- so-called peer-to-peer sharing -- but restrictions such as limiting the ability to copy files onto a CD will be placed on the transferred files, Napster said. Napster and Bertelsmann unit Digital World Services plan to put a membership-based system into place ''as soon as possible,'' Napster said, adding that they've been working on the technology ''for several months.'' Bertelsmann AG became a major Napster stakeholder as part of a deal last year that also saw it drop its lawsuit against the site. Reut13:46 02-16-01