As with most start-up technology businesses, Napster's technology is of little value without the talented team that created it, so it is an occasion of loss on many levels,

Today's filing marks a new beginning for Napster. It is clear that the demand for an Internet-based music file sharing community that benefits artists and consumers is as strong as ever, ... The chapter 11 process will allow the company to move forward with a talented team and continue on the path toward launch, while pursuing a plan to make payments to our creditors.

We are pleased to have secured such an important element in creating our new service, one that will benefit songwriters, artists and consumers alike.

Our challenges in China are the value in terms of appreciating these pieces of technology, and how much they pay for it.

Our goal is to create technology that will enable individual inventors and entrepreneurs to provide new services of value similar to large Internet services people use every day. The companies benefit by witnessing ideas in pre-competitive technologies at the early stages of development, and they will help point out the real-world obstacles that must be overcome.

Information and communications technology unlocks the value of time, allowing and enabling multi-tasking, multi-channels, multi-this and multi-that.