Word to the Wise



Well, Steve Jobs is having a really good day.

First, Apple is now debt free, although I'm not so sure that's a good thing.

And Napster, the number 2 music download service, is having serious problems. Napster's deal with HP fell through (just before they announced a deal with Apple), has lost $15 million over the past two months and has lost key board members and seniors executives. As Steve Jobs said "there's no money in the download business." It's a loss leader, period. (And a loss generating machine if you are Napster.)

Posted: Thu - February 19, 2004 at 11:39 AM