Monday, August 28, 2006

Eminence Capital Raises Stake in Napster (NAPS) to 8%

In a 13D filing on Napster Inc. (Nasdaq: NAPS) Eminence Capital LLC disclosed an 8% stake (3.6 million shares) in the Company. This is up from the 2.145 million share stake the investment firm disclosed in a quarterly filing with the SEC.

The investment firm noted in the filing that they, "may pursue discussions with management in an effort to maximize long-term value for shareholders."


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