Sony, Toshiba Face Antitrust Investigation

[radagast]

I didn't see this anywhere on the forum. I'm sure I will be chastised if it is already here.

"The US Justice Department is investigating possible violations of antitrust law in the optical disc drive industry. Optical disc drives read or write data on media such as CDs, DVDs and Blu-ray discs.

Sony Corp said that its US optical disc drive operations were under investigation for possible violations of antitrust regulations. Hitachi and Toshiba are also being investigated and have acknowledged receiving subpoenas.

Sony Optiarc America, which supplies a lineup of optical disc drives, has received a Justice Department subpoena. Company spokesman Chisato Kitsukawa said the company is “fully cooperating with US authorities” and did not comment other details about the case.

Japan's Hitachi Ltd and Toshiba Corp also said that their optical disc drive operations with South Korean partners were being investigated. Hitachi said its joint venture with LG Electronics, Hitachi-LG Data Storage, had received a Justice Department subpoena and that the unit was also under investigation by European Union and Singapore regulators."

[york weir]

It will be interesting to see what it's all about.

[jadedeath]

What does this really have to do with... anything?

Sony, Toshiba, LG, Hitachi, are mentioned, and that's likely not all of them...

Point being...?

The only thing that this will result in is a fine {if that} but seeing as how Blu-Ray was mentioned, I don't see it going very far at all if they're mentioning Toshiba in the same breath.

Logan

[Maximus]

It's all a bit late now no?

DoJ need to investigate MS funding loss making businesses with monies gained through monopolies and force them to be broken up into separate companies.

[Rob71]

We will probably be seeing a lot of these "investigations" in the next few years. The gov. has to work that deficit down someway.

[york weir]

Originally Posted by Rob71

We will probably be seeing a lot of these "investigations" in the next few years. The gov. has to work that deficit down someway.

Never too late for the government to try to make a buck. I say go after them if either broke any laws.

[radagast]

Originally Posted by jadedeath

What does this really have to do with... anything?

That's why this is in off-topic.

[Marquoz]

My guess would be price fixing. That's about the only thing I can think of when it's multiple different companies all being hauled in at the same time.

[OrlandoEastwood]

Please let this be a final nail in Toshiba, I want those SOB's to burn.

[tron3]

Pay a fine and move on. Where there is money to be made, Uncle Sam will cut some slack. What can they do? Stop hard media? Yeah, let's see them explain to their own kids why they had to stop hard media and now they can't own movies any more.

[SleeperAgent]

Originally Posted by orlandoeastwood

please let this be a final nail in toshiba, i want those sob's to burn.

+1