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Saturday, August 10, 2002 |
The Internet Power GrabThe Hollings bill is breathtakingly far-reaching legislation, but it is a measure of Hollywood's clout that California senator Dianne Feinstein -- formerly the mayor of San Francisco -- has cosponsored it. If it passes both houses of Congress, the Hollings bill will likely be vetoed by President Bush. But that's not the point. The point is that legislation that would effectively devalue Apple Computer ( whose new iMacs are capable of copying music and video and sharing those copies over the Internet ) may well pass both houses of Congress. That's real power. There aren't many industries that can cut themselves that kind of deal.