Think Secret shuts down in settlement with Apple

According to several sources, Apple and Think Secret have reached a settlement, resulting in the site's closure. Apple sued ThinkSecret in January of 2005 for "posting Apple trade secrets and encouraging and inducing persons to provide product information in breach of agreements." Today's settlement brings a close to this lawsuit.

Think Secret has released the following press release:

Apple and Think Secret have settled their lawsuit, reaching an agreement that results in a positive solution for both sides. As part of the confidential settlement, no sources were revealed and Think Secret will no longer be published. Nick Ciarelli, Think Secret's publisher, said "I'm pleased to have reached this amicable settlement, and will now be able to move forward with my college studies and broader journalistic pursuits."

This seems unnecessarily harsh and will put a damper on the entire Mac web community.