Tuesday, February 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
MWC 2017: Porsche Design Reveals 2-in-1 with Windows 10
GDC 17: Google Announces New Games For Daydream
Oppo Brings 5X Optical Zoom To Dual-camera Smartphones
Kingston Ships 2TB USB Flash Drive
One-Blue Lowers Blu-ray Licensing Fees
Twitch to Sell Video Games on Streaming Site
Personal Computing Devices Outlook Remains Mildly Negative, Detachable Tablets And Convertible Notebooks See Growth
Gionee Launch New Selfie-focused A1 And A1 Plus Smartphones
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
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
Sony to Book Impairment Loss of 112.1 bil. Yen In Movie Business, Due To Low Blu-ray and DVD Sales
Sony Unveils OLED TV, Visual And Audio Entertainment Products At CES
LG Display To Supply OLED Panels To Sony
Sony Audio and Video Products That Work With the Google Assistant on Google Home
Sony To Release More Mobile Phone Games In 2017, Announces Project Field Controller
Sony and SKY Perfect JSAT Demonstrated Live Simultaneous 4K-HDR and HD-SDR Broadcast
Sony to Release First PlayStation games For Smartphones Next March

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 .