Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (26034)	5/15/2013 7:06:00 AM
From: zax	Read Replies (1) \| Respond to of 32692

6:33 am Daily Report: Prosecutors Say Apple Had Greater Role in Fixing E-Book Prices By THE NEW YORK TIMES bits.blogs.nytimes.com The Justice Department said on Tuesday that Apple was the “ringmaster” in a conspiracy to fix e-books prices, a more direct leadership role than portrayed in the department’s April 2012 antitrust lawsuit, Edward Wyatt and Nick Wingfield report in The New York Times. In its suit, the government said Apple and five publishers conspired to fix e-book prices to force Amazon to raise its e-book price from a uniform $9.99 to the higher level noted by Steve Jobs in an e-mail released on Tuesday, which publishers wanted. That, the department said, resulted in higher prices to consumers and higher profits for Apple and its partners. The e-mail was released as part of the government’s filing before the trial in the case, set to begin on June 3 in New York. The e-mail, from Mr. Jobs of Apple to James Murdoch of News Corporation, reads as if one old sport were trying to cajole another into joining a caper: “Throw in with Apple and see if we can all make a go of this to create a real mainstream e-books market at $12.99 and $14.99.” Two days after Mr. Jobs’s e-mail to Mr. Murdoch, HarperCollins, the publishing company owned by News Corporation, signed an agreement with Apple to force all sellers of electronic books to adopt the new pricing model, the government said.