HP Sues Seven Optical Drive Makers Over Price-Fixing
Lucas123 writes "HP has filed a lawsuit against seven makers of optical disk drive technology, claiming the companies engaged in widespread price fixing in order to drive up the cost of Blu-ray, DVD and CD drives for PC and peripheral equipment makers. The suit was filed Thursday at the district court in Houston against Toshiba, Samsung, Sony, Panasonic, NEC, TEAC and Quanta Storage. The lawsuit claims the conspiracy to drive up prices took place from at least Jan. 1, 2004 through Jan. 1, 2010, when "almost all forms of home entertainment and data storage were on optical discs" and the companies controlled 90% of the optical disk market. HP alleges the companies used industry events, such as CES, as cover to communicate competitive information and hammer out anticompetitive agreements."
here we have another dying company trying to sue others to keep themselves afloat.
wouldn't be suprised if HP is dead in 2 years...
If you gave me a choice between a printer and a giraffe with explosive diarrhoea, i'll get my ladder and my raincoat
Why is HP suing, and not the consumer? Seems like we were the ones who really got screwed..
Unless they have insiders who are willing to testify, I think they are going to have a very hard time proving their case.
Can't say I've ever used the listed companies' optical drives when I can get one for twenty bucks retail.
. . . litigate!
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
Isn't the refrain - borne out by numerous financial statements by the sued companies and others besides - that optical drives are pricing themselves into extinction with razor-thin margins due to fierce competition and decreasing demand? It's possible HP has a valid point or has stumbled onto evidence, but this sounds more like flailing before declaring that optical drives will be an optional feature going forward...
Wow.
So a bunch of companies conspired to together to make more money off a piece of hardware that they would have if they hadn't?
Awww... and HP didn't get the invite? Next time, maybe they'll stare daggers, twirl their Brylcreamed locks and conspire with the cool kids.
A pox on all their houses.
Pott. Kettle.. Black...
The Koreans entered the optical drive market and MASSIVELY lowered prices compared to the Japanese companies. HP is simply engaging in another corrupt US money grab against Asian companies- what the Far Eastern nations are forced to call "the price of doing business in the USA". Only recently, the USA had a law denying any person of "oriental" origin from becoming a US citizen. The BRITISH author of the Saint novels, for instance, had to get special dispensation to become an American citizen, because his Dad was Chinese, and his Mom English, disgusting the Eugenic societies that have so much influence even today in the USA (see Bill Gates for a living example).
America frequently raids the coffers of Japanese, and Korean companies, using every excuse under the Sun. Do you think that a mega-corrupt company like HP has the slightest difficulty recruiting a legion of racist corrupt US politicians, under the banner of robbing Asian companies, and distributing the gains amongst themselves? These scum consider themselves latter day Vikings, after another giant 'Dane-geld' windfall.
Amongst the NSA spying revelations are the FACT that American companies use illegal world wide spying to gain corporate advantages over foreign competitors. The NSA work even allows direct manipulate of stock markets, forcing the business 'enemies' of the USA into potentially ruinous financial positions. Are we going to see any court cases against US businesses for these widespread Crimes against Humanity (and yes, business crimes can most certainly be escalated to levels where they most certainly are CAH)?
We all know criminals don't prosecute themselves. The criminality of the USA has reached levels previously unseen in Human History, and yet America is accelerating its NSA projects, and the growth of its war machines. Where the hell do you think this is going to end up?
I can get a 32 GB flash drive for $15.
This:
- Holds more than a single layer Blu-Ray disc
- Has faster access than a x16 Blu-Ray drive
- Can be rewritten/reused many times
- Works on almost any computer with a USB port, no drive hardware required
So, optical drive ... why?
Of all thing, optical drives?
[HP] alleges the companies used industry events, such as CES, as cover to communicate competitive information and hammer out anticompetitive agreements.
I can picture coded messages and secret rings in use. Like those in charge couldn't just call each other to make deals, mano a mano, rather than geeks in polos with women in Lara Croft outfits nearby doing the corporate espianage mole work? (I've never been to a CIS, I just assume it's geeks and sexy girls.)
Laughter is the Spackle of the Soul.
Hang on, no groklaw.
Damn
Curiosity was framed; ignorance killed the cat. -- Author unknown
I'm sure that HP will pass along anything it wins in the lawsuit on to it's customers that bought those overpriced drives. /s
EU's been targeting optical drive makers as well (last year):
http://europa.eu/rapid/press-release_IP-12-830_en.htm?locale=en
Another case was in 2004:
http://bonizack.com/in-re-optical-disk-drive-products-antitrust-litigation-mdl-no-2143
I also think there was one in the late 90's, but google-fu is failing me.
If there's one company that knows about anticompetitive price gouging, it's the people who brought you $8000/gallon ink in DRMed cartridges.
I mean if they want to be relevant, why not sue Apple, Google and Amazon for price fixing digital content. you know, something fucking relevant.
I haven't thought of anything clever to put here, but then again most of you haven't either.
Prices do not necessarily approach zero all the time. Things still require material, labor, shipping, etc. I think $20 is a pretty good price point for this kind of thing. Perhaps they should look at why unpainted molded plastic bumper covers for cars cost thousands of dollars and take $1 in parts/labor to make.
What's an "optical drive?"
HP don't have their own optic drives. Most of their hard drives came from those mentioned company.
I was working at Compaq during the takeover. hp was livid when they found out Compaq was getting an identical HDD from a manufacturer for less than hp was paying. That was a good day...
I guess they never got over it.
"A person is smart. People are dumb, panicky dangerous animals and you know it." - K
HP settled a class action lawsuit back in the early days due to shitty CD writers making coasters all the time, because they skimped on the ram... I remember how shit they were, even back then! Stayed away from CD writers for a while after that.
with chips so they cannot be refilled easily... This awdda be gud!
Headline should read....
"Prosecutors are suing HP for printer ink price fixing."
Then my trust in the justice system would jump significantly.