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Adware Firm Claria Files for IPO

Authored by Mark Hefflinger on April 13, 2004 - 6:21am.
Redwood City, Calif. -- Claria, a provider of advertising software formerly known as Gator, has filed for an initial public offering of shares with the Securities and Exchange Commission. The company's software has been bundled with downloads of the popular Kazaa file-sharing application, and monitors the surfing habits of users in order to deliver targeted pop-up ads. It also provides software that can automatically fill in forms when ordering products or entering passwords online. Redwood City, Calif.-based Claria has battled several lawsuits against its adware, but claims 43 million people are currently using its products. Claria did not say how much it plans to raise in the IPO, but reported revenue of $90 million for 2003.
tags: IPO | Adware | Claria | Files | Firm |

DVD Copying Software Firm Appeals Court-Ordered Bans of its Products

Authored by Mark Hefflinger on April 2, 2004 - 8:56am.
St. Louis -- 321 Studios, the maker of DVD movie copying software recently ordered by two federal judges to halt distribution of the application, announced that it will appeal both court rulings. The company filed appeals and emergency stay requests to both the United States Court of Appeals for the Ninth Circuit (California) and the United States Court of Appeals for the Second Circuit (New York). Among 321's arguments on appeal will be that the Digital Millennium Copyright Act, which prohibits circumventing copyright security on media like DVDs, effectively denies consumers tools to exercise their traditional "fair use" rights of such media. The next step in the Second Circuit case will be a hearing on a motion for stay of the injunction against 321 on April 13, while the Ninth Circuit will first begin hearing briefs on June 18.
tags: DVD | Software | Laws | Firm |