Thursday, January 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Accelerates US investment, Plans to Pay $38 billion in Foreign Cash Taxes
Everspin Begins Volume Production of 40nm STT-MRAM
Broadcom is Under Antitrust Investigation by FTC
Google Offers AI Image-Detection Tool to Cloud Customers
New Meizu M6s Comes With Exynos 7872 SoC, New Camera
Surface Book 2 Coming to More Markets
Samsung to Offer Athletes PyeongChang 2018 Olympic Games Limited Edition Smartphone
YouTube Revises Rules to Protect Advertisers From Offensive Content
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
CES: Sony Presents New OLED TVs, Audio Products, Robot Car Image Sensors
Sony Unveils new Selfie Xperia XA2 and Xperia XA2 Ultra Smartphones
Sony Revives the AIBO Robot Dog
Sony Raises Earnings Outlook, as Camera Chips, TVs Fuel Recovery
Sony develops Remote-driven Electric Vehicle
Sony's New Full-frame α7R III Interchangeable Lens Camera Combines 42.4 MP Resolution and Speed
John Kodera Promoted to President and CEO at Sony Interactive Entertainment
New Sony Cyber-shot RX100 IV Supports Phase-detect AF and 24 fps Bursts
Sony Unveils New Smartphones, Audio and Imaging Products at IFA 2017
New Sony Magnetic Tape Storage Technology Supports High-Capacity 330 TB Recording
Image Sensors and Music Lead Sony's Growth
Sony Entertainment to Start Vinyl Record Production

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .