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July 16, 2004 Stock Pick: Roxio, Inc. (ROXI)

Stock Price: $4.25

Roxio, Inc. designs digital media software that enables consumers to create, manage, customize, and share digital music, photographs, and videos. The company also offers software that allows computer systems to restore lost or damaged data.

The company has bought the intellectual property rights including patents to the Napster online music site. This is a major asset for the company especially as reality sets in that people will pay for music downloads. Roxio has made all the right moves with Napster so far including a marketing agreement with Best Buy. The agreement makes Napster Best Buy’s lead digital music service provider. Napster now appears above Real Network’s Rhapsody on Roxio will bring Napster back into the limelight.

ROXI is currently book valued at $4.30 with 33.5 million shares outstanding. We expect ROXI to become a major competitor to Apple’s iTunes.

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