I,m mystified with this purchase, Napster is not worth a sausage of anyones cash
http://www.p2pnet.net/story/16996#comment-780152Best Buy has splashed an eye-popping $121 million on Napster, the P2P file sharing application which started it all but which has long been a-mouldering its grave, despite apparently limitless infusions of cash from people with apparently bottomless pockets.
The name may be worth a few bucks for advertising and/or promotional purposes, but Napster as a going P2P concern?
“Napster has an accumulated deficit of $199 million,” p2pnet recently quoted Coolfer as saying.
I am sorry to say this but it looks like Best Buy have really messed up with this purchase, a name is not worth $121 million of anyones money, especially when its got no tangible patent property assets that I,m aware of to support the price.
