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Charles Schwab & Co., Inc.
Internet Daily for Thursday, October 18, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- NetRadio signal fades NetRadio Corp. said late Wednesday it shut down operations and terminated almost all its employees. Last December, the Minneapolis company said it employed 50 people. One of the Internet's original Webcasters, NetRadio.com streamed more than 100 channels of music. Chief executive Cary Deacon said an expected acquisition by the Advisory Board Inc., announced Aug. 30, failed because the New York group could not find financing. That prompted the decision to halt operations. "Current operating performance (is) unable to support the future working capital needs of the business," he said in a statement. "A small management group and the board of directors will continue to pursue strategic alternatives," he added. The Advisory Board intended to buy the 60% of NetRadio owned by Navarre Corporation and ValueVision International Inc.. ----------------------------------------------------------------- MSNBC pursues syndication revenue MSNBC.com said its major news articles will be translated into eight languages and offered for redistribution to online and offline publishers internationally. The translation service will be provided by ILanguage of Redmond, Wash. "It is a logical next step for us to extend our reach to readers around the world," said Merrill Brown, editor-in-chief of the Web site, jointly owned by Microsoft and General Electric's NBC. The stories will be translated into German, French, Spanish, Japanese, Chinese, Italian, Portuguese and Korean. Yesterday, MSNBC launched an Arabic language site. ----------------------------------------------------------------- EarthLink acquires email machine maker EarthLink said it will exchange $5 million worth of its stock to buy Cidco Inc., a maker of email access devices. "Cidco has proven that there is a truly viable market for devices that offer quick, easy access to e-mail and personalized content within the home, without using a computer," said Lance Weatherby, EarthLink's executive vice president . The deal will add 120,000 Cidco service subscribers to EarthLink's customer base. Morgan Hill, Calif.-based Cidco's users pay $9.95 a month for email access. The manufacturer's devices are sold through major retail chains including Best Buy and Target. ----------------------------------------------------------------- Pressplay signs 6 independents Online music company Pressplay announced licensing agreements with six independent record labels. It also has agreements with Sony Music Entertainment , Universal Music Group and EMI Recorded Music. The agreement includes new material by artists including Marshall Crenshaw, The Damned, and the Dead Kennedys from labels which include Madacy, Navarre, OWIE, Razor & Tie, Roadrunner and Rounder. ----------------------------------------------------------------- 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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