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  While I remain opposed to Amazon's DRM (數字版權管理)-indeed, I'm opposed to DRM on anyebooks-I have to admit that the implementation is so smooth that most Kindle users won't careat all that their ebooks can't be moved to other devices.

  The ebook trend is nowhere near peaking. Over the next five years we can expect to see moreand more readers move away from printed books and pick up ebooks instead. But I don't think thatwill mean the death of the printed book.

  There are some who prefer printed books. They like having shelves filled with books they'veread and books they plan to read; they like the feel of the book in their hands and the differentweights and typefaces and layouts of different titles. In other words, they like the physical form ofthe book almost as much as the words it contains.

  I can sympathise with those people. As I wrote earlier this week, my ideal situation would be forpublishers to bundle ebooks with printed ones-in much the same way that film studios btmdie DVDswith digital copies of films. There's no reason to think that lovers of printed books will change theirminds. There will undoubtedly be fewer of them as time goes by because more people will grow upwith ebooks and spend little time with printed ones. However, just as there are people who lovevinyl records(黑膠唱片), even if they were born well into the CD era, there will still be a dedicatedminority who love physical books.

  Since there are fewer of these people, that will mean fewer bookshops and higher prices forprinted books but I don't think the picture is entirely bleak. There is scope for smaller print runs oflavishly designed printed books and bookshops aimed at book lovers, rather than the StiegLarsson-reading masses. With mainstream readers out of the printed book market, book loversmight even find they get a better experience.

  56. What can be inferred from Paragraph One?

  A.Most people buy Kindle 2 mainly because of its low price.

  B.The author of the passage is a loyal customer of Apple products.

  C.Amazon's Kindle 2 surpassed Kindle 1 in designing.

  D.The sales of ebook outnumbered those of paperback in the U. S.

  57. According to the passage, the reason why the author opposes to Amazon's DRM is that______

  A.ebooks can only be purchased on Amazon. com

  B.Kindle books are not compatible with other electronic reading devices

  C.once implemented, ebooks can't be transferred to other equipments

  D.ebooks installed on Kindle 2 can't be edited freely

  58. It can be learned that the trend of ebooks______

  A.will come to stop any time soon

  B.will reach the summit in the near future

  C.will meet its heyday when printed books die

  D.has already reached its peak

  59. Why does the author believe that the surging sales of ebooks won't mean the death of theprinted book?

  A.Because a minority will stick to their love of printed books.

  B.Because the majority of book lovers won't change their minds.

  C.Because people always hold nostalgic feelings towards printed books.

  D.Because people will return to the printed books as time goes by.

  60. According to the author, which of the following is TRUE about the future of printed books?

  A.They will be bundled with ebooks.

  B.They will no longer be available in the market.

  C.They will be sold in small quantity and high quality.

  D.They will be redesigned to cater to the masses.

  Passage Two

  Questions 61 to 65 are based on the following passage.

  It would be all too easy to say that Facebook's market meltdown is coming to an end. After all,Mark Zuckerberg's social network burned as much as $ 50 billion of shareholders' wealth in just acouple months. To put that in context, since its debut(初次登臺) on NASDAQ in May, Facebook haslost value nearly equal to Yahoo, AOL, Zynga, Yelp, Pandora, OpenTable, Groupon, LinkedIn, andAngie's List combined, plus that of the bulk of the publicly traded newspaper industry:

  As shocking as this utter failure may be to the nearly 1 billion faithful Facebook users aroundthe world, it's no surprise to anyone who read the initial public offering (IPO) prospectus (首次公開募股說明書). Worse still, all the crises that emerged when the company debuted-overpriced shares,poor corporate governance, huge challenges to the core business, and a damaged brand-remaintoday. Facebook looks like a prime example of what Wall Street calls a falling knife-that is, one thatcan cost investors their fingers if they try to catch it.

  Start with the valuation(估值). To justify a stock price close to the lower end of the projectedrange in the IPO, say $ 28 a share, Facebook's future growth would have needed to match that ofGoogle seven years earlier. That would have required increasing revenue by some 80 percentannually and maintaining high profit margins all the while.

  That's not happening. In the first half of 2012, Facebook reported revenue of $ 2.24 billion, up 38percent from the same period in 2011. At the same time, the company's costs surged to $ 2.6billion in the six-month period.

  This so-so performance reflects the Achilles' heel of Facebook's business model, which thecompany clearly stated in a list of risk factors associated with its IPO: it hasn't yet figured out howto advertise effectively on mobile devices, The number of Facebook users accessing the site ontheir phones surged by67 percent to 543 million in the last quarter, or more than half its customerbase.

  Numbers are only part of the problem. The mounting pile of failure creates a negative feedbackloop that threatens Facebook's future in other ways. Indeed, the more Facebook's disappointmentin the market is catalogued, the worse Facebook's image becomes. Not only does that threaten torub off on users, it's bad for recruitment and retention of talented hackers, who are the lifeblood ofZuckerberg's creation.

  Yet the brilliant CEO can ignore the sadness and complaints of his shareholders thanks to thesuper- voting stock he holds. This arrangement also was fully disclosed at the time of the offering.It's a pity so few investors apparently bothered to do their homework.

  61. What can be inferred about Facebook from the first paragraph?

  A.Its market meltdown has been easily halted.

  B.It has increased trade with the newspaper industry.

  C.It has encountered utter failure since its stock debut.

  D.Its shareholders have invested $ 50 billion in a social network.

  62. The crises Facebook is facing_____

  A.have been disclosed in the IPO prospectus

  B.are the universal risks Wall Street confronts

  C.disappoint its faithful users

  D.have existed for a long time

  53. To make its stock price reasonable, Facebook has to____

  A.narrow the IPO price range

  B.cooperate with Google

  C.keep enormously profitable

  D.invest additional $ 2.6 billion

  64. It can be inferred from the context that the "Achilles' heel" (Line 1, Para. 5) refers to____

  A.deadly weakness

  B.problem unsolved

  C.indisputable fact

  D.potential risk

  65. What effect will Facebook's failure in the market have?

  A.Its users' benefits will be threatened.

  B.Talented hackers will take down the website.

  C.The CEO will hold the super-voting stock.

  D.The company's innovation strength will be damaged.

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