3 Tech Titans Making Noise: Apple Faces E-Book Sanctions, Google Debute Moto X, and Dell Backs Founder’s Offer
Apple Inc. (NASDAQ:AAPL): The Department of Justice wants Apple to end its existing deals with five top book publishers and to “refrain for five years from entering new e-book distribution contracts which would restrain Apple from competing on price.” The DoJ added that it hopes the company will be ”prohibited from again serving as a conduit of information among the conspiring publishers,” and that Apple will not be allowed to enter into content deals that are likely to raise competitor content prices.
Google Inc. (NASDAQ:GOOG): The Motorola Moto X will be available on all four major U.S. carriers for a subsidized rate of $199. The phone features a 4.7-inch 720p display, 10 megapixel camera, Miracast wireless display support, and a promise of 24 hours of battery life under so-called “mixed” use, aided by the new X8 processor architecture. Motorola CEO Dennis Woodside has also promised a cheaper X model for prepaid users and emerging markets.
Dell Inc. (NASDAQ:DELL): Dell’s special committee has voiced its support of Michael Dell and Silver Lake’s revised offer, which now includes a 13 cents per share special dividend to go with a $13.75 per share purchase price. It assures that Michael Dell’s 8 cents per share third-quarter dividend will be paid. Seeking Alpha notes that the committee agreed to change the date of record for the deal — again — to August 13 and, more importantly, has changed the voting rules to stop counting abstained votes as “no” votes.
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