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Napster boosts 4Q revenue guidance |
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Thursday, 03 March 2005 |
Napster
boosts 4Q revenue guidance
BusinessWeek
- USA
Get
a FREE 14-day trial of Napster! Napster Inc., a provider of an online
music subscription service, on Thursday raised revenue guidance for its fourth
quarter ending March 31 to about $15 million from prior estimates of $14
million, citing robust growth in subscription service.
Analysts surveyed by Thomson First Call are looking for the company to post
quarterly sales of $14.05 million.
Chris Gorog, Napster chairman and CEO, said, "Since the launch of Napster To Go,
we have experienced exceptional demand for all aspects of our business. Our new
marketing campaign is already delivering strong returns by generating
unprecedented interest in both our regular and portable music subscription
offerings. A positive reception to compatible MP3 players from iriver, Creative
and Dell is also fueling demand."
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