SEATTLE: Sony Corp. and Internet media software maker RealNetworks Inc. said
on Monday they have forged a deal in which Sony will use RealNetworks' software
in portable music players and Vaio laptop computers.
As part of the deal, RealNetworks will include Sony's ATRAC3 technology in
RealNetworks' RealSystem 8, which is used to disseminate audio and video over
the Internet, the companies said. RealNetworks will also license Sony's OpenMG
copyright protection technology.
RealNetworks closed at $22 in Friday's Nasdaq trading, up nearly 16 per cent,
or $3 from the previous close.
Shares reached a high of $96 in February and a 52-week low of $10-1/8 last
Wednesday, a day after it disclosed that fourth quarter advertising revenue
would be lower than the third quarter.
(C) Reuters Limited 2000.