“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.”