-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 YW4y5G3fhDYIh9x9awOEgQ==

<SEC-DOCUMENT>0000919574-03-001968.txt : 20031024
<SEC-HEADER>0000919574-03-001968.hdr.sgml : 20031024
<ACCEPTANCE-DATETIME>20031024160608
ACCESSION NUMBER:		0000919574-03-001968
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031022
FILED AS OF DATE:		20031024

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			S MUOIO & CO LLC
		CENTRAL INDEX KEY:			0001138996

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25781
		FILM NUMBER:		03956594

	BUSINESS ADDRESS:	
		STREET 1:		509 MADISON AVE SUITE 406
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SALVATORE MUOIO
		CENTRAL INDEX KEY:			0001259267

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25781
		FILM NUMBER:		03956593

	MAIL ADDRESS:	
		STREET 1:		509 MADISON AVE STE 406
		STREET 2:		C/O S MUOIO & CO LLC
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NET PERCEPTIONS INC
		CENTRAL INDEX KEY:			0001078203
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				411844584
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		7700 FRANCE AVE SOUTH
		CITY:			EDINA
		STATE:			MN
		ZIP:			55435
		BUSINESS PHONE:		6129031270

	MAIL ADDRESS:	
		STREET 1:		7700 FRANCE AVE SOUTH
		CITY:			EDINA
		STATE:			MN
		ZIP:			55435
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p437651_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-10-22</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001078203</issuerCik>
        <issuerName>NET PERCEPTIONS INC</issuerName>
        <issuerTradingSymbol>NETP</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001138996</rptOwnerCik>
            <rptOwnerName>S MUOIO &amp; CO LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>509 MADISON AVE SUITE 406</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001259267</rptOwnerCik>
            <rptOwnerName>SALVATORE MUOIO</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>509 MADISON AVE STE 406</rptOwnerStreet1>
            <rptOwnerStreet2>C/O S MUOIO &amp; CO LLC</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-10-22</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-10-22</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>123400</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.398</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>3818812</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See Footnote 1</value>
            <footnoteId id="F1"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-10-23</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-10-23</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>30675</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.372</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>3849487</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See Footnote 1</value>
            <footnoteId id="F1"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <footnotes>
      <footnote id="F1"> These securities are held in the accounts of several investment partnerships and investment funds (collectively, the &quot;Investment Vehicles&quot;) for which S. Muoio &amp; Co. LLC (&quot;SMC&quot;) serves as either general partner or investment manager. Salvatore Muoio is the managing member of SMC. SMC and Mr. Muoio may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of SMC's position as general partner or investment manager of the Investment Vehicles and Mr. Muoio's status as the managing member of SMC.</footnote>
   </footnotes>
   <remarks>+ Each of the Reporting Persons and the joint filer (individually, each a &quot;Reporting Person&quot; and collectively, the &quot;Reporting Persons&quot;) disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. The Reporting Persons affirmatively disclaim being a &quot;group&quot; for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.</remarks>
   <ownerSignature>
      <signatureName>S. Muoio &amp; Co. LLC+ By: /s/ Salvatore Muoio, Managing Member</signatureName>
      <signatureDate>2003-10-24</signatureDate>
   </ownerSignature>
   <ownerSignature>
      <signatureName>/s/ Salvatore Muoio+</signatureName>
      <signatureDate>2003-10-24</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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