Apple Inc. (AAPL): Does Judge’s Tempered Tone Signal Win in E-book Trial?

Page 1 of 2

Apple Inc. (NASDAQ:AAPL) lawyers wrapped up their three-week e-book price-fixing trial against the U.S. Department of Justice Thursday, and now the decision in this civil matter is in the hands of Judge Denise Cote. And of the judge’s tone at the end of the trial is any indication, then Apple lawyers at least made a very strong case to beat the price-fixing charges that the DOJ levied against Apple and five e-book publishers.

While the five publishing houses all backed out of the trial by reaching settlements and voiding their agreements with Apple Inc. (NASDAQ:AAPL), Apple hung in and took the case all the way to trial, and the chances of Apple reaching a settlement now are about two – slim and none, and we see slim stepping out of the room. And why not, since Apple apparently had at least succeeded in changing Judge Cote’s perception of the proceedings?

Judge Cote, you may recall, made some headlines when she  gave her perspective on the case against Apple as the trial started three weeks ago. She seemed pretty confident that based on what she had seen in discovery that the government had a very strong case that proved that Apple was the “ringleader” of the conspiracy to elevate e-book prices to undercut market-dominator Amazon.com, Inc. (NASDAQ:AMZN).

Let us refresh your memory of what Judge Cote said before the trial started: “I believe that the government will be able to show at trial direct evidence that Apple knowingly participated in and facilitated a conspiracy to raise prices of e-books, and that the circumstantial evidence in this case, including the terms of the agreements, will confirm that.”

Steve JobsAfter executives from Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN) and book-industry experts all took the witness stand, and emails and other correspondence from late CEO Steve Jobs, these were Cote’s words Wednesday before the two sides’ summations: “It seems to me the issues have somewhat shifted during the course of the trial. As you see it play out in the courtroom, things change a little bit and people have to stay nimble. So I’m very much looking forward to understanding precisely where we are now, when I listen to you  (Thursday). … I think things have shifted. At least, it’s my perception it has.”

Might this mean that Apple Inc. (NASDAQ:AAPL) might actually beat the big, bad government?

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!