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Date: 1999-01-16
Frisches Venture-Kapital für MP3-.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- updating 99.1.11/1 Frisches Venture-Kapital für MP3 Sequoia Capital, das mit sehr frühem Einstieg bei Cisco & Yahoo eine gute Nase für erfolgversprechende Investitionen im IT Bereich bewiesen hat, setzt mit idealab! zusammen 11 Millionen Dollar auf einen Sieg des Open/Source/Formats MP3. -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- By Sue Zeidler LOS ANGELES (Reuters) - Z Company, parent of the controversial music Web site MP3.com, has attracted an $11 million investment from venture capital groups Sequoia Capital and idealab!, a spokesman for MP3.com said Friday Under a deal expected to be formally announced on Monday, Z Company will change its name to MP3.com Inc., look to boost its management staff and technological capabilities, and primarily focus on the MP3 Web site (http://www.mp3.com), the spokesman said. Officials for Sequoia, which has backed such well-known companies like Cisco Systems and Yahoo! Inc. were not immediately available to comment. ... MP3.com has more than 10,000 songs from about 4,000 artists available in the MP3 audio format, a new compression formula that allows fans to download free, CD-quality songs quickly. Music companies have argued the MP3 format, which is not confined to the MP3.com Web site, is used to make pirated copies of CDs. ... The spokesman said the company will look to hire talent from the music industry in order to foster relationships within that domain. ``This should send shock waves through the music industry, who still think of MP3 as a hobby movement,'' MP3.com Chief Executive Michael Robertson said Friday in an e-mail message. ... Last month, major music companies and technology firms formed a coalition to create a standard by late 1999 to ensure that royalties are paid for music delivered online. ... full text http://dailynews.yahoo.com/headlines/wr/story.html?s=v/nm/19990116/wr/mp3_2.html -.-. --.- -.-. --.- -.-. --.- q/depesche taeglich ueber internationale hacks--.-zensur im netz crypto--.-IT mergers--.-monopole & die universalitaet digitaler dummheit subscribe http://www.quintessenz.at -.-. --.- -.-. --.- -.-. --.- Certified PGP key https://keyserver.ad.or.at/cgi-bin/key/Search?keyid=AC922C4D -.-. --.- -.-. --.- -.-. --.- erich-moechel.com/munications ++43 2266 687201 fon ++43 2266 687204 fax -.-. --.- -.-. --.- -.-. --.- - -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- edited by published on: 1999-01-16 comments to office@quintessenz.at subscribe Newsletter - -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- 
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