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MP3.com Rally Ignores Glum Outlook on Universal Suit
Updated from 3:36 p.m. EDT:
Four down, one to go.
Investors applauded Web music provider MP3.com (MPPP Quote) Tuesday, sending its shares up 29% after the San Diego-based company settled a patent-infringement lawsuit with Sony's (SNE Quote) Sony Music Entertainment. Importantly, Sony also joined three big-label rivals in agreeing to license its music catalog to MP3.com for an undisclosed fee. ...
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