No, it isn't an April Fool - Napster has finally posted a sucessful quarter, announcing a $28 million in revenue for their fourth quarter. The company has losts hundreds of millions of pounds since it went legal, and has been fighting a losing battle with its subscription-led service. $28million in the black for the quarter ending May 2007 shows that there is a light at the end of the tunnel.

Consolidating their offices, and intergrating with the AOL Music Now service, seems to have been a success. A high profile stateside deal with AT&T also has netted them hundreds of thousands of new customers.

It is widely considered that Napster wants to be bought, and this is announcement is the first reason why anyone should. So in turn, the shares went up 6%, if you care about such matters.