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Napster Owner Roxio Says Sales Increased

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From Bloomberg News

Roxio Inc., owner of the Napster Internet music service, said fiscal first-quarter sales of song downloads and CD duplication software exceeded the company’s estimates.

Roxio in May had forecast revenue for the quarter ended in June would increase about 16% to $28 million -- $21 million from software and $7 million from Napster.

Sales of both exceeded those estimates, Santa Clara, Calif.-based Roxio said, without being specific.

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Shares of Roxio rose 24 cents to $4.50 on Nasdaq.

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