US Justice Dept. Confirms Optical Disk Drive Probe
October 27 2009 - 11:35AM
Dow Jones News
The U.S. Department of Justice confirmed Tuesday that it is
investigating possible antitrust violations in the optical disk
drive industry.
The department's acknowledgment of the probe comes after
Japanese technology giants Hitachi Ltd. (HIT, 6501.TO), Toshiba
Corp. (TOSYY, 6502.TO) and Sony Corp. (SNE, 6758.TO) revealed this
week that they have received subpoenas from Justice Department
investigators.
All three companies said they would cooperate fully in the
investigation, although they declined to disclose details of the
subpoenas.
According to a person familiar with the investigation, the
Justice Department started a criminal antitrust probe into the
market for optical disk drives in recent months, investigating
disk-drive makers for possible price-fixing, bid-rigging and
allocation of markets. As well as featuring in personal computers,
optical disk drives are used in everyday consumer products like DVD
and Blu-ray disk players.
-By Brent Kendall, Dow Jones Newswires; 202-862-9222;
brent.kendall@dowjones.com