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May 12, 2005

RealNetworks Aims To Avoid Price War With Yahoo

Yahoo:  Today, RealNetwork's shares were down nearly 5 percent at $5.29 on the Nasdaq, after dropping about 20 percent yesterday, thanks in part to Yahoo's recent announcement that it will be offering a low-priced music subscription service...According to Real's Chief Financial Officer Roy Goodman,""I didn't particularly see anything in Yahoo's announcement that was innovative, fresh...I heard people say it was cheap...Our view is that its going to be unprofitable for them and therefore unsustainable."

Posted by Todd in RealNetworks | Permalink


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