News
 

Bookmark and Share

(0) 

The U.S. Department of Justice has reportedly launched an antitrust investigation into the market of optical disc drive (ODD). The DOJ began the probe investigating price-fixing, big-rigging and allocation of supplies. Sony Corp., LG, Samsung and Toshiba have already confirmed that they had received subpoena from DOJ.

“Sony Optiarc America has received a subpoena from the U.S. Department of Justice (DOJ) Antitrust Division seeking information about its optical disk drive business. Sony understands that the DOJ and agencies outside the United States are investigating competition in optical disk drives.  Sony intends to cooperate fully with the DOJ and other agencies in this inquiry,” an official statement from Sony reads

According to a report from Dow Jones Newswires, criminal antitrust investigation into the market for optical disk drives goes beyond a subpoena disclosed by Sony, according to a source familiar with the investigation. Apparently, the department initiated the probe in recent months, investigating ODD manufacturers for possible price-fixing, bid-rigging and allocation of markets.

In the fiscal year 2008 Sony Optiarc had revenue of $1.52 billion.

Reuters news-agency reports that Hitachi confirmed that its joint venture with LG Electronics, Hitachi-LG Data Storage, had received a Justice Department subpoena, and that the unit was also under investigation by European Union and Singapore regulators. Toshiba said its joint venture with Samsung Electronics, Toshiba Samsung Storage Technology Corp, had also received a subpoena and that it was answering queries from authorities in other regions.

Tags: Sony, Optiarc, DOJ, Business

Discussion

Comments currently: 0

Add your Comment

[Login] [Forgot password?] [Registration]




Related news

Latest News

Wednesday, May 23, 2012

8:48 pm | 208 Million "Phablets" Set to Be Sold by 2015 - Analysts. Smartphones with Ultra Large Screens Will Continue Gaining Popularity

8:23 pm | Microsoft Expects 500 Million People to Use Windows 8 Next Year. Microsoft Projects Breakthrough for Windows 8 Sales Thanks to Compatibility with Different Devices

7:07 pm | Thunderbolt Interface to Receive Green Light from Mainboard Makers in Second Half of 2012 - Rumour. Thunderbolt Interconnection to Make It to Mainstream Systems Later in 2012

6:18 pm | Apple and Samsung Fail to Reach Settlement at Special Meeting. Court-Ordered Meeting Does Not Resolve Apple Vs. Samsung Dispute

12:10 pm | Seagate Set to Take Over LaCie. Seagate and LaCie Agree About Acquisition