Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Napster, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: D. K. G. who wrote (35)	4/6/2005 3:45:09 AM
From: zax	Respond to of 44

Napster Shares Jump After Boosted Guidance Tuesday April 5, 4:35 pm ET Napster Shares Jump After After the Online Music Distributor Raises Fourth-Quarter Revenue Guidance NEW YORK (AP) -- Shares of Napster Inc. soared Tuesday after the online music distributor raised its fourth-quarter revenue guidance, citing strong subscriber growth and better-than-expected sales of downloads. Napster said Tuesday it now expects revenue of between $16.5 million and $17.5 million for its recently ended fiscal fourth quarter. Analysts surveyed by Thomson Financial are looking for the company to post a fourth-quarter loss of 63 cents per share on sales of about $14.5 million. This marks the second time in about five weeks that Napster has raised its forecast for fourth-quarter revenue. The Los Angeles-based company said its subscriber base grew by 143,000 in the fourth quarter to total more than 410,000, including 56,000 university subscribers. This represents quarterly subscriber growth of more than 53 percent from the third quarter. Napster has emerged as a chief rival to Apple Computer Inc.'s market-dominating iTunes music store, which charges 99 cents per download. The company has sold more 300 million songs through iTunes. Napster, on the other hand, offers a subscription service that allows unlimited access to its 1 million tracks. The subscriptions cost about $10 a month. Napster To Go, released in early February, allows those songs to be transferred to a portable player for $5 more per month. Users also have the option to purchase songs for 99 cents each. Napster shares rose 57 cents, or 9.2 percent, to close at $6.74 in Tuesday trading on the Nasdaq Stock Market. The stock has slowly declined since hitting a 52-week high of $10.40 on Dec. 7, although shares are still well above their 52-week low of $3.35, reached last August.

To: D. K. G. who wrote (35)	5/22/2005 10:38:42 PM
From: D. K. G.	Read Replies (1) \| Respond to of 44

Napster - NAPS-NNM Buy - Price 3.88 on May 17 by Brean Murray Initiating coverage of Napster with a Buy rating and a 12-to-18-month target price of 8. Napster is a leader in the online-music market, [and] we believe external market conditions speak to increases in consumer spending on digital media; we see less-expensive telecommunications and consumer electronics leading to greater consumption of digital media....Napster has [under]gone a transition from a provider of software and online music to solely providing music online...accordingly, we expect to see Napster continue to be in a loss position for the foreseeable future. In 1QFY06, we expect...$20.3 million in revenues and EPS of (64 cents). We forecast Napster will have 477,000 subscribers at the end of 1QFY06. We forecast FY06 revenues of $100.5 million and EPS of ($2.26)...The company has $158 million in cash and no debt. We believe that Napster could be an acquisition candidate for consumer-oriented Internet companies.