Alanis Morissette selling MP3.com stock

SAN DIEGO (AP) _ Alanis Morissette is saying ``No thank you'' to MP3.com, selling tens of thousands of shares of stock in the online music service. <br><br>Morissette, whose songs include ``Thank

Wednesday, November 22nd 2000, 12:00 am

By: News On 6

SAN DIEGO (AP) _ Alanis Morissette is saying ``No thank you'' to MP3.com, selling tens of thousands of shares of stock in the online music service.

Morissette, whose songs include ``Thank U'' and ``You Learn,'' bought 329,328 shares in April 1999 as part of a deal in which MP3.com sponsored her summer tour that year.

She has sold nearly 190,000 of those shares in the past three months and plans to sell 70,000 more, according to a filing made Tuesday with the Securities and Exchange Commission.

MP3.com officials declined to comment.

The San Diego-based company's stock fell 81 cents Tuesday to close at dlrs 7.31 on the NASDAQ.

Just last week MP3.com agreed to pay dlrs 53.4 million to Universal Music Group to resolve a legal dispute accusing it of willfully violating music copyrights. It has made similar settlements with several other companies.

The lawsuits were filed after MP3.com created an online catalog of 80,000 CDs for its listening service, which allows customers to hear CDs from anywhere once they prove they own them by inserting them into a computer.