Apple Likely Unscathed by EBook Court Case

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July 11 (Bloomberg) -- Neil Barofsky, Adjunct Professor at New York University School of Law, and Jason Desena Trennert, Managing Partner and Chief Investment Strategist at Strategas Research Partners, discuss the EBook anti-trust trial of Apple and their reaction to the ruling. They speak on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)

Washington dovetails with new technology, is this just a question in washington and our federal law not knowing how to deal with the barriers being blown apart by modern technology?

I don't think so.

Putting aside the department of justice's action, this is a judge who is a very widely respected judge, very experienced, very smart.

She wrote a very detailed opinion, 160 pages -- she is not an oddball.

Not by any means.

This is a detailed written opinion, detailed findings of fact.

Air was no jury.

-- there was no jury.

Would the judge finds this, and it is interesting going to your point, she made adverse credibility findings against serious people including cue, which is another way of saying, i think they lied.

What is in adverse credibility issue?

The judge basically saying, i did not believe this witness.

Wow.

That is kind of a big deal for a senior executive for finder of fact to say, not just i believe what you're saying but you're wrong in the law, it is, i don't think you presenting accurate fax to the jury.

It has implications for how they will negotiate content in the future, but it doesn't make that big of a difference for apple.

Apple only gets about 10% of its sales from itunes, which is how its books are sold -- but it will have to negotiate as it pursues apple television and the content providers they are.

Potentially, the department of justice looking over its shoulder.

The department of justice, the federal government is looking for monetary damages, the 33 states will be looking to impose penalties on apple for what consumers lost.

The department of justice is looking for how obligation it's further deals, whether they can use -- 20 seconds, buy apple or amazon?

I am a buyer of apple.

Legal headaches are a challenge.

It is a challenge.

The stock is trading at 10 times earning and three percent yield.

That was crystal clear.

Adverse in jumped of -- buying.

Buying.

That was just outstanding.

No borofsky, much more.

Much to talk about this morning.

This text has been automatically generated. It may not be 100% accurate.

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