EU regulators suspect worldwide cartel in CD, DVD drives

Jul 24, 2012
A workman drives a bulldozer over a pile of confiscated pirate audio cassettes, video cassettes, CDs and DVDs in 2008. The European Commission on Tuesday said it had sent a "statement of objections" to 13 firms suspected of taking part in a cartel for optical disk drives, used to read or write data on CDs and DVDs.

The European Commission on Tuesday said it had sent a "statement of objections" to 13 firms suspected of taking part in a cartel for optical disk drives, used to read or write data on CDs and DVDs.

"The Commission has concerns that those suppliers may have coordinated their behaviour in bidding events organised by two major original equipment manufacturers for optical disk drives," a statement said, without naming the firms.

A statement of objections is a formal step in a probe into suspected violations of EU rules prohibiting cartels and restrictive business practices.

Once informed in writing, companies can examine documents on commission files and respond.

The commission statement addded that it "takes the preliminary view that the companies concerned engaged for at least five years in bid rigging, which is one of the most serious breaches of EU antitrust rules."

Should the regulators conclude there was an infringement, it can slap a fine of up to 10 percent of a company's annual worldwide turnover.

Explore further: Alibaba surges in Wall Street debut (Update)

add to favorites email to friend print save as pdf

Related Stories

EU fines Samsung, nine other chip makers over cartel

May 19, 2010

The EU Commission fined the world's biggest memory chip makers, including Samsung, Infineon and Toshiba, a total of 331 million euros (403 million dollars) on Wednesday for operating a cartel.

South Korean execs plead guilty to price-fixing

Dec 13, 2011

Three South Korean executives have pleaded guilty to rigging bids and fixing prices of optical disk drives and agreed to serve prison terms in the United States, the Justice Department said Tuesday.

IBM offers concession in EU antitrust case

Sep 20, 2011

(AP) -- U.S. computer maker IBM Corp. on Tuesday offered to make it easier for competitors to provide maintenance services for its mainframe computers, a concession to get European regulators to close an antitrust probe.

EU antitrust regulators charge LCD panel makers

Jul 13, 2009

(AP) -- European Union antitrust regulators have charged Royal Philips Electronics NV and LG Display with fixing the price of liquid crystal display monitors, Philips said Monday.

EU accepts IBM concessions in antitrust probe

Dec 14, 2011

(AP) -- The European Union's competition watchdog says it has accepted concessions made by IBM to make it easier for rivals to perform maintenance on its mainframe computers and is closing its investigation of the company.

Recommended for you

Line says no IPO this year

20 hours ago

The Japan-based operator of popular mobile messaging app Line said Monday it has decided not to go ahead with an initial public offering in Japan or overseas this year.

User comments : 0