News
 

Bookmark and Share

(3) 

The European Commission has informed thirteen companies supplying optical disk drives in the European Economic Area (EEA) of its preliminary view that they may have infringed EU antitrust rules by participating in a worldwide cartel. The EC did not name exact companies accused of participating in a cartel.

The EC has concerns that those suppliers may have coordinated their behavior in bidding events organised by two major original equipment manufacturers for optical disk drives used in personal computers (desktops and notebooks) and in servers. The sending of a statement of objections does not prejudge the final outcome of the investigation, but is a formal step in commission investigations into suspected violations of EU rules that prohibit cartels and restrictive business practices.

The commission takes the preliminary view that the companies concerned engaged for at least five years in bid rigging, which is one of the most serious breaches of EU antitrust rules. This behaviour, if established, may have ultimately affected customers that bought optical disk drives manufactured by the companies concerned.

If, after the parties have exercised their right of defence, the commission concludes that there is sufficient evidence of an infringement it can issue a decision prohibiting the conduct and impose a fine of up to 10 % of a company’s annual worldwide turnover. This is without prejudice to a company’s ability to receive full immunity for being the first to reveal information about a cartel or to receive a reduction in its fine for supplying evidence of significant added value according to the commission’s leniency notice.

Tags: CD, DVD, Blu-ray, Business

Discussion

Comments currently: 3
Discussion started: 07/25/12 06:43:35 PM
Latest comment: 07/28/12 10:43:28 PM

[1-3]

1. 
Why would optical drive makers price fix? Are they selling RAM, digital TV screens, SSDs or HDDs? <LOL>

If there is a way to exploit consumers, the unscrupulous will be first in line.
1 1 [Posted by: beenthere  | Date: 07/25/12 06:43:36 PM]
Reply

2. 
During the neoliberal era, these kinds of borderline evasions of law were happily overlooked. The years between 1973 oil crisis and 2006 the end of Bush presidency were the time of very evil policies. It means that the justice system doesn't punish criminals but is fallible by the special interests of the powerful. I could make a paper about the global neoliberal scam that changed the values on the micro-social level too. The reason why these scams become investigated in the first place means that the power is no longer in their hands (thank god!).
0 0 [Posted by: TeemuMilto  | Date: 07/28/12 09:32:18 AM]
Reply

3. 
I am waiting for the EU to take a long hard look @ the HDD pirates..............seagate and wd
0 0 [Posted by: alpha0ne  | Date: 07/28/12 10:43:28 PM]
Reply

[1-3]

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month