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Charles Schwab & Co., Inc.
Internet Daily for Tuesday, July 24, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- Napster taps Bertelsmann exec as CEO Konrad Hilbers, former executive at Bertelsmann AG's music division, has been named chief executive of Napster Inc., replacing interim CEO Hank Barry. "Konrad's extensive experience in the technology sector and the music business, in both the United States and Europe, makes him uniquely qualified to lead Napster into the future,'' said Barry, who held the CEO slot for 13 months. In a statement, Hilbers said he looks forward to challenges at Napster. "The next step is to complete the task of transforming this phenomenon into a business that respects copyrights and rewards creators," he said. ----------------------------------------------------------------- Disney seeks control of online promos Access to movie trailers online will be less available if the Walt Disney Co. has its way. The promos are used by many Web sites to promote video sales and rentals. Disney's Buena Vista Home Entertainment division is seeking an injunction against Video Pipeline for making the trailers available on the Internet. Disney is asking for damages of $111 million. Disney and Video Pipeline have worked together for years distributing trailers to video retail stores. The promotion service claims it has rights under the fair use provision of copyright law, but Disney disagrees. "They (Disney) want to have total control because they want to compete with retail," Video Pipeline President Jed Horovitz said. Buena Vista said, "Video Pipeline is before the court because it knowingly took our copyrighted materials and infringed on them by making unauthorized movie trailers." ----------------------------------------------------------------- AOL to begin IM tests this summer AOL Time Warner is finalizing the technology it needs to test extending access to its Instant Messaging features from other online services. In a report to the Federal Communications Commission, AOL said it's negotiating with a potential partner over performance, cost sharing, privacy and security policies, Reuters reported. "Upon successful completion of these tasks, AOL then plans to finalize its gateway, install updated code on its production servers and begin developing a finished client that supports interoperability,'' the report said. ----------------------------------------------------------------- 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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