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Another witness testified Monday that Bacanovic initially told investigators that he personally spoke to Stewart on the day she executed the stock sale "You should have passed on this gig Faneuil was to testify later Tuesday The purpose was "to show Doug that there was additional compensation being paid for him in July," when the changes took effect, administrator Judy Monaghan told jurors But he admitted on cross-examination that his memory of the interview had grown "hazier" in the two years since it occurred Faneuil had been set to testify last week, but the judge delayed the testimony after defense attorneys complained prosecutors had waited too long to turn over an FBI document that could help their case His testimony is vital to the government in laying out the sequence of events surrounding the ImClone sale, and backing up prosecutors' accusations that Bacanovic ordered Faneuil to tip Stewart about the Waksals' sales 7, 2002, interview with the Securities and Exchange Commission and Merrill officials "The rest of your life, you're going to be known as the guy who tried to take down Martha Stewart," O'Donnell said she told prosecutor Michael Schachter 28, that sent ImClone shares into a sharp decline O'Donnell, a former popular daytime TV host, knows something about courtrooms herself: She is fighting a lengthy breach-of-contract battle against Gruner + Jahr, the publisher of her defunct magazine, called Rosie O'Donnell, just three months removed from her own trial, sat in the front row Monday for the third day of testimony at Stewart's obstruction-of-justi ce trial, holding forth during breaks on her opinion of the charges " Schachter grinned and politely declined the candy On Monday, the government called a Merrill Lynch & Co Waksal has admitted he had advance knowledge of a negative government report about an ImClone cancer drug, not released publicly until Dec The government contends Bacanovic was lying in the interview â€â€? and that on the day of the stock sale, he actually instructed his assistant to tell Stewart that the Waksal family was selling its shares Brian Schimpfhauser, a Merrill Lynch compliance officer, said Bacanovic made the assertion in a Jan "Thanks for coming," he said O'Donnell Attends Martha Stewart Trial Feb 3, 5:45 AM EST Rosie O'Donnell briefly turned a federal courtroom into a pro-Martha Stewart press conference â€â€? and even jokingly tried to bribe a prosecutor with M&M's to drop the case against the lifestyle maven But that was a civil trial "I think it's a tragedy and a travesty what the federal government has done," she said, praising Stewart for being a successful businesswoman and accusing the government of going after her for celebrity value administrator as a witness Monday to show Bacanovic got Faneuil's pay boosted in April 2002 Prosecutors say the broker, Peter Bacanovic, actually told his assistant, Douglas Faneuil, to pass a tip to Stewart that the Waksal family was trying to sell its shares A judge declared in November there were no winners in the case, and is still trying to determine whether either side should be awarded money, and how much After the jury was excused for the day, O'Donnell approached the prosecutor and coyly offered him a bag of peanut M&M's as a bribe to drop the case The government has contended Bacanovic plied Faneuil with extra vacation time and airline tickets in exchange for support the story that he and Stewart had a $60 stock order Schimpfhauser's account is backed up by notes he took during the meeting Stewart, in stark contrast, is charged as a criminal â€â€? accused of concocting a false story with her stockbroker that they had a pre-existing agreement to sell her ImClone Systems stock if it fell below $60 "They're going to be in an environment where everything costs the same, where every song that they select they can burn to a CD or offload to their device, they can do it multiple times and they won't even know what the usage rules are because they are so flexible scooped up the Napster brand from the ashes of the pioneer file-swapping service, a revamped online music store bearing the familiar brand name was debuting Thursday in limited release 0 The new Napster will also have to contend with iTunes, which has sold more than 10 million songs and is expected to be available on the Windows platform by year's end "Ninety-nine percent or more of our Napster users will never bump their heads against any usage rules," Chris Gorog, Roxio's chairman and chief executive, told The Associated Press Wednesday Like other music download retail sites, Napster 2 The service will launch with more than a half-million songs from all the major music labels and offer both individual song and album downloads as well as a subscription service launched a Web site that sells song and album downloads and boasts record label licensing agreements that offered the fewest copying restrictions yet outside of iTunes " The company planned to disclose further details Thursday during an official launch "The space has become crowded because there's a recognition of this is going to be a very substantial business," Gorog said com, RealNetworks' Rhapsody, MusicNow and MusicNet, are also vying for a piece of the market 0 will incorporate some usage restrictions, but officials at Santa Clara, Calif Napster 2 introduced its iTunes Music Store in April -based Roxio downplayed their effect Traffic on Kazaa's network, the most popular, dropped 41 percent between the last week of June and mid-September, according to Nielsen NetRatings, which monitors Internet usage The company shelved its former online music service, pressplay, and was beginning to move subscribers to a beta, or working version, of Napster 2 The service will be available to the general public within a month, according to sources familiar with the plans Roxio is betting the Napster brand will help set its service apart from a bevy of other digital music retailers that have launched since Apple Computer Inc com's BuyMusic "It validates Roxio's strategy to enter this business Last week, MusicMatch Inc 5 billion in sales, according to Jupiter Research Pressplay, which went off-line Tuesday, only offered access to songs for a monthly fee 0 users can expect prices to be in line with what other services charge, which is about $1 per song and about $10 for full albums or monthly subscription New Pay Version of Napster Service Debuts Oct 9, 6:50 AM EST Nearly a year after software maker Roxio Inc Others, including Buy " The music industry has seen CD sales plummet over the last three years as illegal music file-sharing exploded, beginning with the original Napster, which was forced to shut down in 2001 after a protracted legal battle with recording companies Meanwhile, file-sharing over the most popular peer-to-peer networks has declined in recent weeks, coinciding with a lawsuit campaign launched against downloaders by the recording industry At the same time, online music sales are expected to grow from 1 percent of the total music market to 12 percent in 2008, generating about $1 |
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