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CNET News.com: Linux-based Internet radio firm gets backing

Jun 28, 2000, 21:33 (1 Talkback[s])
(Other stories by Stephen Shankland)


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"The interest in Linux-based Internet radios is picking up. At the same time 3Com acquired Kerbango for $81 million, another company, Penguin Radio, received an equity investment from Internet Partnership Group, said Penguin Radio chief executive Andrew Leyden."

"Penguin Radio is building a device that will receive digital radio broadcasts over the Internet, then pipe the signal to a home stereo system. The company also is working on a portal site called PhoneRadio.com to provide links to Internet radio for people with cell phones, PDAs (personal digital assistants) and other portable gadgets."

"Leyden declined to say how much Internet Partnership Group invested. "It is enough to get us through the year and then some and allow us a massive buildout of staff, development of the Web portal, and further research and development on the device," Leyden said in an interview."

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