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Liquid Audio Clarifies Cash Distribution to Stockholders.


Business Editors

REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Dec. 6, 2002

On December December: see month.  5, 2002, Liquid Audio, Inc. (Nasdaq:LQID) announced that its board of directors had unanimously approved a cash distribution of $2.50 per share to stockholders of record as of December 10, 2002, payable on December 20, 2002. As the corporation has no taxable earnings or profits, this cash distribution does not constitute a dividend for U.S. tax purposes.

Liquid Audio, Inc. is a leading provider of software, infrastructure and services for the secure digital delivery of media over the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
. The Liquid Audio solution gives content owners, Web sites and companies the ability to publish, syndicate Syndicate

organized crime unit throughout major cities of the United States. [Am. Hist.: NCE, 2018]

See : Gangsterism
 and securely sell digital media online with copy protection and copyright management. Using the Liquid Player software, available for free download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer.  at www.liquidaudio.com, consumers can preview and purchase downloadable music from hundreds of affiliate Web sites in the Liquid Music Network.

Note to Editors: Liquid Audio, Liquid Player, Liquid Music Network and the Liquid Audio logo are trademarks of Liquid Audio, Inc.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 6, 2002
Words:174
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