MP3.com Shares Fall After Judge's Ruling

MP3.com's stock closed at $US6.18 per share, down 21.43 per cent on heavy trading. Analysts from Robertson Stephens and Chase H&Q each downgraded the stock to Market Perform on Thursday.

Litigation has taken a toll on MP3.com's stock price over the last year. The vendor has already settled a number of other copyright infringement cases, with Warner Brother Music Group, EMI Group, BMG Entertainment and Sony Music Entertainment.

Shares of MP3.com have plummeted from a high of $US64.62 in the early part of November 1999 to a low at one point in today's trading of $US5.93 per share.

US District Court Judge Jed Rakoff said that MP3 could be required to pay at least $US118 million in damages in the Universal case. That figure could vary based on how many of Universal's CDs are deemed applicable in the case during the final phase of the trial, expected in November.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ashlee Vance

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?