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AMZN Kindles New Controversy
By Zacks Investment Research on March 19, 2009 | More Posts By Zacks Investment Research | Author's Website
Adding fuel to the controversy that Amazon.com (NASDAQ:AMZN) will evade paying royalties to authors from its Kindle device, Discovery Communications Inc. (DISCA) sued the online retailer for violating its patent on electronic book technology.
On Tuesday, the media company filed a lawsuit in the U.S. District Court in Delaware accusing Amazon’s electronic reader Kindle of infringing intellectual property rights of a patent it had registered in November 2007.
Amazon introduced the second version of Kindle last month for a retail price of $359, calling it the future of book reading. The first model of the wireless device was released in November 2007.
Discovery sought a “fair compensation” through damages for “any future infringement” of the patent but did not seek an injunction preventing sales of the Kindle.
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