News Roxio sells software core, adopts Napster shell

Roxio is being brave - selling off it's bread and butter and completely relying on it's online music biz. This from el Reg:

Apparently tricked by its own hype, Roxio has decided to sell off its consumer software business and focus instead on the dubious online music market. The company will go so far as to give up the Roxio name, taking on the Napster name of its music division.

Sonic Solutions has agreed to pay $80m for Roxio's CD and DVD recording, authoring, photo and video editing applications. Roxio will receive $70m in cash and $10m worth of Sonic's stock. Roxio will also change its company name to Napster and looks to trade under the symbol NAPS on the NASDAQ exchange.

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you know what they say about putting all of your eggs in one basket