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Elsewhere in the letter, which is worth reading in its entirety, Sargent takes credit for fostering much of the health and expansion of the e-book market over the last year. “Since we moved to the agency model,” he writes, “Apple has entered the market, Barnes and Noble has increased its investment in the business, and independent booksellers, working with Google, are now selling your books competitively in the electronic book market.”
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I find this humerous. Apple entered the market only after it forced the Agency Model on folks. BN was already in the market and was probably looking at expanding its foothold before the Agency Pricing mess. I am a bit surprised that they didn't try and say that the increase sales of K3's and the existance of the Nook Color is due to the Agency Pricing.