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Technology Stocks : Apple Inc.

AAPL 278.72

+0.5%

Dec 10 3:59 PM EST

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To: Win-Lose-Draw who wrote (130669)	4/11/2012 12:57:48 PM
From: Cogito	Read Replies (1) of 213176

>>I have no idea. Maybe they think they're doing the Right Thing. Maybe I have an outdated sense of right/wrong.<< I note that authors haven't been too excited about the DOJ action. Here's an excerpt of a story about the suit. Scott Turow, the president of the Authors Guild, warned in an open letter last month that the Justice Department was “on the verge of killing real competition in order to save the appearance of competition,” he wrote. “This would be tragic for all of us who value books, and the culture they support. Another interesting point is that the DOJ is alleging that the agreement to fix prices wasn't just the result of a "hub and spoke" conspiracy, with Apple at the center, but that there was also a horizontal conspiracy between the publishers. Some people like to blame Apple for everything, but I stand by my contention that the company was not the main driver of this agreement. Here's the link to the story I quoted above: NY Times - DOJ Sues Apple and Publishers

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