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NAPSTER: STILL LOSING
Worrying news for Kazaa from the markets today: Napster, the company whose transformation from popular illegal service to unloved legal group, continues to lose money.
Losses for the first quarter of 2006 were USD9.8m - although this was half of the loss in the same period last year, it still represents a sizeable hole in the Napster cash bucket. They'd taken in USD28.1million in pursuit of the ten million loss.
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