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Charles Schwab & Co., Inc.
Internet Daily for Thursday, May 17, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- Napster readies member service test Napster is looking for a few good downloaders. "Be the first to preview the new membership service," says an announcement posted Thursday on its Web site. A form for submitting an e-mail address is provided, but there are no details about what the service will offer and how it may work. Napster's partners previously said a subscription music service, to be priced between $5.95 and $9.95 a month, would be launched in July. Plans for setting up a subscription-based business model emerged after a federal judge ordered Napster to remove music protected by copyrights from its innovative file-sharing service. ----------------------------------------------------------------- MusicNet goes public today The Internet subscription music service that RealNetworks and several major music labels are backing gets its first public demonstration Thursday at a congressional hearing on Capitol Hill. Rob Glaser, chairman of the Seattle-based software company, will show off MusicNet to members of a House Judiciary subcommittee that oversees intellectual property. "The hearing is intended to educate members about the availability of music online and the obstacles to offering digital music for sale on the Internet," said Rep. Howard Coble, R-N.C., the panel's chairman, in a letter to lawmakers. RealNetworks is providing the technology for MusicNet, a venture in which Bertelsmann AG, AOL Time Warner, and EMI Group have interests. On the Web, the MusicNet site promises a taste of things to come in the form of a "free trial offer in our partners' subscription service" that will be made available soon. ----------------------------------------------------------------- Vegas seen ready to roll online dice There has apparently been a change of heart by owners of several major casinos in Las Vegas. Originally opposed to legalized Internet gambling, executives of Harrah's Entertainment and MGM Mirage are now prepared to oppose reintroduction of federal legislation that would ban Web gaming, according to a New York Times report. Some politicians and industry analysts say the casinos believe there is no way Web gambling can be prohibited, and thus believe they would be better served by supporting its regulation and entering the business themselves, the report said. Sen. Jon Kyl, R-Ariz., is sponsoring the anti-Web gaming legislation. The window of opportunity to pass the bill "may have closed," he told the newspaper. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ################################################################# Log in using the links below to: Access your account: https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y View your Email Alert customization options: https://investing.schwab.com/trading/start?SANC=EAMyAlerts Perform research or request a market quote: https://investing.schwab.com/trading/start?SANC=Quotes Place a trade order: https://investing.schwab.com/trading/start?SANC=TradeStock To visit Schwab's home page, use this link: http://www.schwab.com/ ----------------------------------------------------------------- To unsubscribe or modify your Email Alert customization options, log in using the link below or copy and paste it into your browser's address window: https://investing.schwab.com/trading/start?SANC=EAMyAlerts Now you can receive graphics Email Alerts in HTML format, using helpful, full-color graphics and active Web links that connect you directly to information you want. Use the link below to log in and change your email format preference: https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (1000-8752) Copyright 2001 CBS MarketWatch. All rights reserved. Commercial use or redistribution in any form, printed or electronic, is prohibited. Distribution by Quris, Inc.
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