Friday, May 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NVIDIA Introduces New GeForce GTX Battlebox
TSMC is Already Testing 7nm Chips, Coming Next Year
Microsoft's Beam Streaming Service Becomes "Mixer"
Lenovo Returns to Profitability
RICOH WG-50 Waterproof Digital Compact Camera Released
Acer Announces New Nitro 5 Notebook Line, Entertainment-Oriented Tablet and the Spin 1 Convertible
Google's Alpha Go Beats Chinese Master Again
Kingston KC1000 NVMe PCIe SSD Meets Demanding Data Needs of SSD Enthusiasts
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
Sony Chief Promises Return to Profitability
Sony Returns to the OLED TV Market With New Models
Image Sensors, Batteries And Playstation Boosts Sony's Profit
Sony Launches The a9 24MP 20fps Full-frame Sports Camera
Sony Commercializes High-Sensitivity CMOS Image Sensor for Automotive Cameras
E Ink and Sony to Establish a Joint Venture to Operate Electronic Paper Display Business
Sony Introduces Extended Life Solid State Drives
MWC: Sony Adds Four New Photo-centric Smartphones To X-series
Sony Unveils Pricing And Availability Of 2017 4K HDR Ultra HD TVs And Ultra HD Blu-ray Player
Sony Develops the First 3-Layer Stacked CMOS Image Sensor with DRAM for Smartphones
Sony's Profit Dropped Despite Healthy Video Game Business
Sony Broadens its Line of Laser Light Source Z-Phosphor Projectors

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .