Friday, August 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Researchers Discover New Smartphone Flaws
U.S. Government Issues Warning About Malicious Software
Hackers Can Use USB Devices in Attacks
Next Apple TV Release Delayed
CoD: Advanced Warfare Collector's Editions Announced
Lite-On IT Merged With Lite-On
AMD Introduces New Kaveri APUs for System Builders
Toshiba, Samsung Vie For 48-layer 3-D NAND Chips
Active Discussions
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
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Consumer Electronics > Hitachi...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, November 21, 2007
Hitachi Maxell, Sony Comment on the European Commission?s Fine


Both Sony and Hitach commented today on the the recent fine orders the companies received by the European Comission, related to price-fixing activities for professional videotape products.

The European Commission ordered Hitachi Maxell, Ltd. and Hitachi Maxell?s subsidiary Maxell Europe Ltd. to pay a fine of 14.4M euro for infringing EU competition law in relation to the supply of certain professional videotape products in Europe. In addition, Sony Corporation, Sony France SA and Sony Europe Holding BV were also hit by a 47.19 million Euros fine for participating in a cartel in the professional video tape market in Europe.

"In relation to this matter, the European Commission carried out inspections at the premises of Maxell Europe in May 2002," Hitachi Maxell said in a stetement today. "Further, Hitachi Maxell and Maxell Europe received Statement of Objections from the European Commission on March 15, 2007, and on March 13, 2007. After receiving the Statement of Objections, Hitachi Maxell and Maxell Europe submitted written responses and provided supplemental spoken responses to the European Commission. Regarding this decision by the European Commission, Hitachi Maxell will examine the content in detail and consider an appropriate response," the company added.

"We are very disappointed by the conduct described in the announcement, which involved a small number of employees located in Europe," said Sony. "While the details still need to be confirmed in the full text of the Decision, Sony wants to make clear that it does not approve of or condone conduct of the kind described in the announcement. We are sorry that it happened and express our sincere regret," Sony added.

Sony also said that it is committed to complying fully with all applicable competition rules, including the EU antitrust rules, and it did not contest the principal matters described in the Commission's announcement after they had been formally communicated to Sony.

"Sony does not, however, agree with the allegation that it obstructed the Commission's investigation. The incidents in question were inappropriate and regrettable, but did not amount to obstruction and had no material impact on the Commission's investigation," Sony added.


Previous
Next
Toshiba Outsources HD DVD-ROM Production to Taiwanese Makers        All News        Warner Puts Total HD 'On Hold'
Firmware Adds Support for LTH BD-R Discs to Panasonic Recorders     Consumer Electronics News      Warner to Launch Video-On-Demand Channels

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Reports First Quarter Profit
Sony Settles 2011 PSN Hacking Case
Sony Xperia Z3 Specs Leaked
Sony Invests in Image Sensor Production
Sony Failed To Pay Web Hosting Bills
New Sony Software Upgrade For Xperia T2 Ultra
Sony Xperia Z2 Tablet Comes Exclusively On The Verizon Wireless Network
Sony Launches The Xperia C3 For Selfies
Sony Recalls VAIO Flip PC Laptops Due to Fire Hazards
VAIO Computers Return To The Japanese Market
Sony and Vue Entertainment To Offer First live 4K Streamings of FIFA World Cup Matches
Sony Pictures Television To Buy CSC Media Group

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 .