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Diamond I Participates in Nevada Gaming Control Board Workshop and Microsoft Writes a New Chapter with Online Book Search

1 November 2005

Internet Software and Service industry news provided by Financial News USA (OTC: FNWU) Diamond I, Inc. (OTC BB:DMOI.OB), a developer of wireless gaming products, recently reported that it had participated in the Nevada Gaming Commission's first public review and comment workshop regarding the proposed regulations and requirements of Nevada Law AB471, which authorizes the use of mobile communication devices, such as Diamond I's WifiCasino GS(TM) wireless gaming system, for gaming in public areas in Nevada casinos.. RealNetworks Inc. (NASDAQ:RNWK) said the third quarter brought net income of $11.2 million, or 6 cents per diluted share, compared to a net loss of $7 million, or 4 cents per diluted share, in the third quarter of 2004.

Revenue was $82.2 million, a gain of 20 percent over $68.3 million a year ago. The Seattle-based provider of digital media services said its subscriber base reached 2.2 million customers, including 1.3 million paid music subscribers.

Not to be outdone by its competitors, Microsoft (Nasdaq: MSFT) announced plans this week to launch its own book search engine. The company's MSN Search, like Yahoo before it, has joined the Open Content Alliance to make publicly available print materials accessible on the Web. Microsoft says the consortium will begin the digitization process, with the help of the nonprofit organization Internet Archive, on books that are in the public domain. In a subsequent phase, it will extend offerings to other types of offline content not under copyright. Extreme Networks, Inc. (Nasdaq: EXTR), a leader in open converged networks, recently announced that its Board of Directors has authorized the repurchase of up to $50 million of the Company's common stock. The Company expects to repurchase stock over the next 12 months, primarily through open-market purchases.

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