Saturday, February 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Draft Bill Focuses On Consumer Data Privacy
Uber Says Breach Affected 50K Drivers
Google Showcases Future Silicon Valley Headquarters
Lenovo Offers Free McAfee LiveSafe Following Superfish Security Concerns
Yahoo Gains Search Share
Twitter To Offer More User Safety Features
Google to Start Ranking Mobile-friendly Sites Higher
Qualcomm Extends LTE to Unlicensed Spectrum to Enhance Mobile Experiences
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 Home > News > Consumer Electronics > Panason...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, December 21, 2012
Panasonic To Appeal Against European Commission Price-rigging Fine


Panasonic said on Friday that it would appeal a decision by the European Commission to fine it 252 million euros ($327 million) on charges of fixing prices for TV and computer monitor cathode-ray tubes along with five other companies.

The European Commission fined Philips, LG Electronics Toshiba Corp Samsung SDI and French company Technicolor a total of 1.47 billion euros, its biggest antitrust penalty in history.

The Commission said executives from the European and Asian companies had met until six years ago to fix prices and divide up markets for TV and computer monitor cathode-ray tubes.

Panasonic believes EC's the decision is "factually and legally erroneous."



Staying with Panasonic, the company announced that it would transfer its digital camera and digital movie camera businesses to Advantage Partners, LLP (AP.)

Specifically, Panasonic's SANYO Electric and a special purpose company AP26, which has a capital subscription from a fund with services provided by Advantage Partners, LLP (AP), have formed an agreement on the transfer of all the shares of SANYO DI Solutions Co., Ltd. (SANYO DI), which operates the digital camera and digital movie camera businesses as of March 31, 2013.

SANYO Electric split off its digital camera and digital movie camera businesses as of July 1, 2012 into the separate company of SANYO DI in order to speed up decision making and reinforce a strong firewall, and took various measures to strengthen its businesses. However, in order to maintain competitiveness within this increasingly fierce market and to provide high-value products to the brand manufacturers as its customers, it was decided that it would be for the best to run the businesses under a partner able to make the optimum use of SANYO DI's technology and with a strong connection to its customers and to expand these businesses.


Previous
Next
Japan Fair Trade Commission Clear Micron's Acquisition Of Elpida        All News        Instagram Drops Controversial Advertising Terms
New LG Google TV Lineup Coming At CES     Consumer Electronics News      LG To Showcase 3D Video Wall And 84-inch Ultra HD Multi-touch Signage At CES

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic Showcases VR Headset, Produces World's Largest Aspheric Lens
Panasonic Reports Third Quarter Dip
Panasonic LUMIX GF7 Camera Marries Selfie Functions with Classic Style
Panasonic Showcases 8K Display For B2B
Panasonic Showcases Next Generation Blu-ray Disc Player at CES 2015
Panasonic at CES 2015
Panasonic Expands Toughbook H2 Battery Recall in The United States
Panasonic Raises Profit Outlook
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming
Panasonic Introduces Rugged 7-inch Android Tablet
Panasonic to Start Licensing Unified IP Core for HD-PLC
Panasonic to Offload Sanyo's North America TV Business

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .