Monday, July 23, 2001
what's hot what's not
Adobe Wakes UP! Monday, July 23, 2001 8:27:38 PM
According to a news release from the EFF, Adobe has decided Not to prosecute Dmitry Sklyarov.
"We strongly support the DMCA and the enforcement of copyright protection of digital content," said Colleen Pouliot, Senior Vice President and General Counsel for Adobe. "However, the prosecution of this individual in this particular case is not conducive to the best interests of any of the parties involved or the industry. ElcomSoft's Advanced eBook Processor software is no longer available in the United States, and from that perspective the DMCA worked. Adobe will continue to protect its copyright interests and those of its customers."
So Far, So Good. But unless the DCMA is overturned and re-written this will happen again and again.
I will regale you with how hard it is to go to a stock broker and buy a share of stock in the morning.
the head lemur and Adobe
Adobe's complicity in the arrest of Dmitry Sklyarov under the Digital Millenium Copyright Act, which is a piece of legislation so far out to lunch and in my opinion corporate welfare not seen in this country since the Oil Depletion Allowance for Oil Companies.
Adobe's action hiding behind the skirts of the Justice Department, smells like hostage taking. Dmitry has been taken hostage by the United States on Adobe's behalf, to force the Company that is marketing a product that removes the encryption features that prevents backups and archivial copies of eBooks being made.
This whole Adobe Mess has an upside. The DCMA will probably be overturned in time.
I will also be writing my legislators calling for a repeal of the DCMA. I have no problem with copyright in the hands of the creators. The Internet has pointed out the raw deal that authors and musicians have been getting from publishers.
In about an hour I will be making my first foray into the world of stock purchasing. As I mentioned in my Current Opinion, I will buy ONE (1) share of Adobe Systems Incorporated. I figure it will run me about a hundred bucks, 40 for the stock, 20 for the trade and 15 for the certificate. Oh Yes! I am gonna mount the certificate on my wall above my screen.
As a Shareholder, I will be invited to Shareholder Meetings (Note to Adobe- I will be the guy wearing the bullwinkle hat) and will probably get a bunch of crap in my mailbox over voting my share as time goes on. Fat chance!
Why the devil is the head lemur buying Adobe? Simple. Dilution. The more folks that own one share, the more work Adobe Must do to comply with the rules and regulations governing Publically traded companies. This is not an investment, this is a statement.
On 16 July 2001, Russian programmer Dmitry Sklyarov was arrested by federal agents in Las Vegas, Nevada. His crime: pointing out major security flaws in Adobe PDF and eBook software.
Some companies just don't get the Internet. Adobe is the latest.
Previously July 20, 2001
Taking Your Talent
you are here ·
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