Saturday, October 25, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google's Pichai to Become Head of Product at Google: report
Internet Explorer 11 Toolkit Allows Enterprise Admins "Spy" On Their Employees
FCC Says Airwave Auction To Delay Until 2016
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > HP Cont...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 02, 2004
HP Continues to Combat the Gray Market, Files Suit for Fraud, Breach of Contract and Conspiracy


HP today announced it has filed suit in a Tennessee federal court to recover more than $8.6 million in pricing discounts for computer equipment that defendants falsely claimed were purchased by Capital City Micro.

HP's complaint sets forth claims for damages that include civil conspiracy, common-law fraud and breach of contract.

HP's complaint alleges that defendants Capital City Micro and its president, Martin Meeks, told HP that Capital City Micro had opportunities to sell HP and Compaq products to beverage wholesaler P & E Distributing that required significant discounts from HP to win the business. HP's complaint further alleges that Capital City Micro did not resell the products to P & E Distributing, as represented, but instead sold to companies and/or persons to whom Capital City Micro had no authorization to sell. P & E Distributing Company and its president, David Welker, are also named as defendants in the complaint for their role in the transactions.

"HP is committed to supporting our authorized business partners and our customers and addressing cases of fraud and breach of contract," said Scott Anderson, acting general manager, Solution Partners Organization -- Americas, HP. "HP is dedicated to monitoring, investigating and taking appropriate steps to prevent HP products entering the market through unauthorized channels."

One recent industry study by KPMG and the Alliance for Gray Market and Counterfeit Abatement reported that $40 billion worth of information technology (IT) products are re-sold on the worldwide gray market annually.

Capital City Micro was an authorized reseller of HP and Compaq products at the time these sales took place in 2001 and 2002. In 2001, HP discovered the abuse of special discounts as alleged in the complaint and terminated the relationship with Capital City Micro. After the termination, Capital City Micro obtained a reseller authorization with Compaq Computer Corp., again claiming P & E was the purchaser of the Compaq products. Soon after the merger of HP and Compaq in May 2002, HP stopped all dealings with Capital City Micro and terminated the relationship.


Previous
Next
Addonics 4-Slot UDD Reads/Writes to 4 PCMCIA Hard Drives        All News        ATI Ushers in a New Era of Usability and Customization for PC Graphics
Creative Launches MuVoČ FM 5GB Mini Portable Audio Player     General Computing News      Maxtor Rethinks Warranty to Stay Competitive

Get RSS feed Easy Print E-Mail this Message

Related News
HP Broadens Moonshot Portfolio With Intel-powered Models
HP To Separate Into Two Public Companies
HP To Split Into Two Companies: WSJ
New Budget Stream Notebooks and Tablets Released By HP
HP Launches ARM-based Moonshot Servers
EMC In Merger Talks With Other Companies: reports
HP Unveils New Detachable PCs And Colorful Chromebooks
HP Recalls Millions Of Power Cords
HP Reports Revenue Gain
HP SlateBook 14 Android Laptop Released
HP Says Internet of Things Devices Are Vulnerable to Attack
HP Pavilion 10z Laptop Uses An AMD Mullins Processor

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .