Shares opened higher, despite news the company may have stepped in legal quicksand
Having Justice Department lawyers around, veteran tech watcher Dana Blankenhorn reminds us in a Seeking Alpha post this morning, "is bad for any company. Especially antitrust lawyers. Especially tech companies."
"Every tech company the Justice Department has ever gone after -- IBM (IBM), the former AT&T (T), and (most especially) Microsoft (MSFT) can attest to this fact. All were transformed and grievously damaged by their antitrust cases."
So why didn't Apple's (AAPL) share price take a huge hit after news broke that the DOJ's antitrust division had sued the company and five publishers for alleged collusion in the e-book business? (See DOJ sues Apple over price-fixing scheme.)
UPDATE: As it happens, Apple's share price did show some ill effects Wednesday, closing down $2.24 (0.36%) on a day that the NASDAQ closed up 0.84%. But it could have been much worse.
A flurry of last-minute music industry deal-making, a cloud of confusion
You might think that Apple (AAPL), having labored for more than a year to get its new music and video streaming service -- dubbed iCloud -- ready for prime time, would have nailed down the necessary digital rights before making any public announcements.
But that's not the way negotiations work, especially in the entertainment industry. So it wasn't until Thursday, with MOREPhilip Elmer-DeWitt - Jun 3, 2011 6:38 AM ET
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