Metallica enters fight against Internet song swapping

Article Abstract:

Heavy metal band Metallica has sued Napster.com for allegedly allowing users to illegally download the rock band's music for free from its Web site. Napster's software allows users to exchange MP3 music files directly through their PCs via directories kept on Napster's Web servers. Metallica presented Napster with a list of 350,000 names, who illicitly copied the group's songs, which the latter requested so that they can be denied access. The music recording industry is very much opposed to Napster, which already has a subscriber base of 5 million users.

Napster Inc.

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Investors buy bogus Internet tip

Article Abstract:

Electronic fraud has become a major issue to Internet users and providers. Federal officials are investigating a case involving a news article where Israel's ECI Telecom was reportedly going to acquire Tustin, CA-based PairGain Technologies, which boosted the telephone equipment manufacturer's shares 31%. However, millions of shares have already been exchanged among investors after the report was discredited. The SEC is also investigating the case.

Telephone Apparatus Manufacturing, Videotex & Teletext, Securities issued, listed, Telephone Sets & Related Eqp, Telephone equipment

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Attempt to ban Internet gambling defeated in House

Article Abstract:

Legislation aimed at curbing majority of online gambling formats on the Internet failed to advance in the US House of Representatives. The proposed law, which would prohibit casino games on the Internet, the sale of lottery tickets from private homes and gambling on sport events, received a 245-159 vote in favor. But since it was presented for voting under suspension, it required a two-thirds majority, which it failed to get.

Public affairs

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