RealNetworks, formerly Progressive Networks, made its debut on the stock market last week and showed that Internet companies can be profitable if they adopt industry standards. Confidence in the company that made its name bringing sound and video to the Web rang clear when its stock rose 43% after its initial offering. Three million shares were sold at $12.50 and within a day they were worth $19 before settling down at $17.875. RealAudio is by far the most successful audio technology on the Internet and RealVideo looks likely to share the success. Over 26 million RealAudio players have been downloaded from the Web site since it launched the software. www.realnetworks.com.
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