Apple’s latest 52-week high is well on its way to becoming a 52-week low. In a research note to investors this week, Charlie Wolf of Needham & Company lifted his price target on Apple to $235, from $200, largely on the merits of the iPhone and the iTunes App Store.
Add another name to the list of opponents of the Google Book Search Settlement: Marybeth Peters, U.S. Register of Copyrights. In testimony before the House of Representatives Judiciary Committee Thursday, Peters tarred the deal as “fundamentally at odds with the law” and villainized Google, saying the company is making a “mockery” of the copyright protections in the U.S. Constitution.
As of this week, pretty much anyone can tell you–“Skank” blogging just doesn’t pay. Unless your $15 million privacy lawsuit against Google ends up going your way, that is. Rosemary Port, the person who used Blogger to anonymously insult former model Liskula Cohen, was unmasked last week after months of speculation and promptly sued Google for turning over her information. Hilarity ensued, complete with dueling morning TV appearances.
The Open Book Alliance–or “Sour Grapes Alliance,” as Google likes to call it–formally launched Wednesday afternoon, debuting a new Web site, as well as the manifesto with which it is challenging Google’s settlement with authors and publishers.
As the Google Book Search Settlement nears a Sept. 4 deadline for rights-holders to opt out of the deal, some powerful interests are rallying to oppose it. Rallied by the Internet Archive and veteran Silicon Valley antitrust lawyer Gary Reback, Amazon, Microsoft, Yahoo and others are forming a coalition called the Open Book Alliance. Its purpose: To make the case to an already concerned Justice Department that the $125 million settlement is anticompetitive.
Apple on Wednesday released OS X 10.5.8, the latest point release to Mac OS X Leopard, even as Amazon takes pre-orders for its next iteration–Snow Leopard (OS X 10.6). 10.5.8 is largely a maintenance update, though it does patch a number of security vulnerabilities (18 to be exact), some of them fairly old.
If eBay shares were to be listed among the company’s other auctions, buyer feedback would more likely be negative than not. Hurt by the souring economy and increased competition, eBay reported its third consecutive earnings decline Wednesday.
Well, this is unexpected. Amazon has agreed to purchase online shoe retailer Zappos.com in a deal valued at about $850 million. Under its terms, the retailer will acquire all outstanding Zappos shares in exchange for roughly 10 million shares of Amazon common stock, valued at about $807 million, and some $40 million in cash and restricted stock. If the shoe fits, right?
Six years after shuttering its first e-book effort, Barnes & Noble has embarked on a new one. Monday afternoon, the bookseller announced what it describes as “the world’s largest eBookstore,” an online storefront that boasts 700,000 titles.
Amazon hasn’t said how many Kindles it has sold since launching the device in 2007, but it may soon be selling quite a few more of them. The company today dropped the price of the six-inch Kindle to $299–$60 off of its previous price. That’s certainly not a dramatic reduction, but it may be enough to drive consumers who’ve held off on purchasing the device to reconsider.
Amazon’s days of booking sales from its business in Japan back to the United States may be coming to an end. The Tokyo Regional Taxation Bureau has demanded back taxes of $119 million from Amazon’s Japanese affiliates, Amazon Japan and Amazon Japan Logistics.
The long-standing legal dispute between Toys R Us and Amazon has been resolved in the toy retailer’s favor, but at a much discounted price. In a regulatory filing submitted to the SEC Friday, Amazon said it has agreed to pay Toys R Us $51 million to settle claims that it violated a former exclusivity agreement with the company.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best use of the Beeker “meee” ever.
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
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