“Technology stocks showed strength in early trading Tuesday, with online music distributor Napster Inc. (NAPS) up $1.13, or more than 18%, at $7.28. Before the market opened, Napster raised its fourth-quarter revenue forecast to between $16.5 million and $17.5 million, and said it reached 400,000 subscribers. Other gains came from Apple Computer (AAPL) , Dell Inc. (DELL) and Sun Microsystems (SUNW),” Rex Crum reports for CBS MarketWatch.
Full article here.
MacDailyNews Take: In other words, Napster will now earn not only the equivalent of Apple’s quarterly toilet paper budget, but could now cover a small portion of Apple’s quarterly budget for moisturized hand soap, too.
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