Napster Last Seen Teetering On Railing Of Golden Gate Bridge

idolguest3 | July 3, 2007 5:42 am

Napster didn’t exactly install new faith in its sagging stock with the following pronouncement regarding the iPhone:

“Our software is not compatible with the iPod music player, the current equipment market leader, nor do we expect it to be compatible with the iPhone cell phone,” Napster said last month in a filing with the Securities and Exchange Commission. “If we cannot successfully design our service to interoperate with the music playback devices that our customers own … our business will be harmed.”

Harmed?! If you “don’t expect” it to be compatible, and you have no one on the payroll who can set you straight, maybe you hired too many former BurnLounge interns. Oh, but wait! Later in the release, it reads: “Look on the bright side: There’s always the shiny brown turd.”

iPhone Incompatibility Could Hurt Sales, Napster Warns [Information Week via Contentinople]