Sunday, January 31, 2010

In defense of Amazon.com

There is now news that Amazon.com has succumbed to pressure from the publisher. A New York Times by BRAD STONE and MOTOKO RICH did not elaborate on the issue. I suppose a fuller treatment will be coming soon. I have yet to find the note on Amazon.com though which I find somewhat strange.

What does that mean as far as Amazon.com is concerned? Well, one thing to consider is that Amazon.com can now legitimately defend itself against any DoJ inquisition on whether Kindle is abusing its monopoly on eBooks because clearly Amazon Kindle does not have a monopoly. Hear that shareholders? That's good news. Now bump back to over 130.

Note: This is not an investment advice. Please consult a professional before making any investment decisions. Writer may or may not have vested interest in the success of Amazon.com

Update: The nyt article has been updated for spelling correction.

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