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Charles Schwab & Co., Inc.
Email Alert Internet Daily for Tuesday, November 6, 2001 by Frank Barnako CBS MarketWatch.com 'New' Napster growth 'astounding' Consumers transferred 1.81 billion digital media files using the Kazaa, MusicCity and Grokster file-sharing applications during October, according to industry analysts at Webnoize. Each of the Web sites uses software licensed from FastTrack, a technology company based in Amsterdam. By contrast, an estimated 1.57 million people were using Napster simultaneously in February, while the FastTrack network clocked in last month with 1.3 million. "During the last four months the number of users typically logged on has risen by 480%, and in November will likely surpass Napster at its peak," said Webnoize senior analyst Matt Bailey. "The growth of the FastTrack network continues to be astounding." ----------------------------------------------------------------- Aerie to revive Ricochet Aerie Networks will restart the bankrupt Ricochet wireless broadband service, but it didn't say when. Denver-based Aerie announced Monday that it agreed to buy the assets of Metricom Inc. for $8.25 million -- a mere fraction of the system's $1 billion cost. Before Metricom's financial demise, Ricochet provided wireless data coverage in 17 cities and had 51,000 subscribers, according to Aerie president Mort Aaronson. "In order to bring it back, we will create partnerships to provide the service at a new lower price point than previously offered and make it available to millions of users where they buy other related products and services," Aaronson said. ----------------------------------------------------------------- Yahoo goes traditional for marketer Yahoo Inc. announced the hiring of a 54-year-old "old economy" executive to be its chief global marketing officer. John Costello, most recently executive vice president of sporting goods etailer MVP.com, has also worked in marketing with Sears Roebuck & Co., Procter & Gamble, and Pepsi-Cola USA. "John is an exceptional marketing executive with the depth and breadth of experience necessary to lead Yahoo's global marketing team," said Greg Coleman, the Net giant's executive vice president of North American operations, in a statement. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ================================================================ LOGIN to access your account: https://investing.schwab.com/trading/start ---------------------------------------------------------------- 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 ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (0801-11478) 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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