Hasta La Gadget!

Samsung SDI, Philips, LG, Technicolor, Panasonic and Toshiba are said to be facing heavy fines from the European Commission due to alleged involvement in a TV cathode-ray tube price fixing ring. According to Reuters, the fines will be announced on November 28th and can reach up to ten percent of the turnover during the period which the cartel was said to have ran. Based on 2011 revenues, LG could be fined up to $5 billion, while Dutch-based Philips would top out at around $2.9 billion. While the fines aren’t expected to reach such heights, it will definitely take more than a few Black Friday blowout sales to recover this type of coin.

Filed under: Home Entertainment, Samsung, LG

Samsung, Philips, LG and others reportedly set to face EU regulatory fines for CRT price fixing originally appeared on Engadget on Fri, 09 Nov 2012 14:58:00 EDT. Please see our terms for use of feeds.

Permalink   |  Reuters  | Email this | Comments

European regulators have charged Microsoft for not giving Windows 7 users a choice of internet browsers when they install the OS. Although this is only an initial step towards a fine for the software maker, Microsoft agreed with the European Commission to offer browser choices to its Windows users over three years ago, avoiding a heavy antitrust penalty. Unfortunately, while Microsoft acknowledged the “technical error”, this wasn’t before the European Commission picked up the issue — the EU’s antitrust watchdog said in July that Microsoft had not complied with the order from February 2011. According to a Reuters report earlier this year, and echoed in the EU’s statement below, the fine could amount to as much as 10 percent of the Redmond company’s global turnover.

Update: Microsoft has issued a statement on the EU charge, received by The Verge.

“We take this matter very seriously and moved quickly to address this problem as soon as we became aware of it. Although this was the result of a technical error, we take responsibility for what happened, and we are strengthening our internal procedures to help ensure something like this cannot happen again. We sincerely apologize for this mistake and will continue to cooperate fully with the Commission.”

Continue reading EU antitrust commission charges Microsoft over browser selection ‘breach’

Filed under: Desktops, Laptops, Internet, Software, Microsoft

EU antitrust commission charges Microsoft over browser selection ‘breach’ originally appeared on Engadget on Wed, 24 Oct 2012 06:27:00 EDT. Please see our terms for use of feeds.

Permalink   |  Europa (EU)  | Email this | Comments

The European Commission is planning to fine Microsoft for its failure to adhere to a 2009 ruling that required the software giant to offer customers a choice of default web browser. The EU Competition Commissioner, Joaquin Almuni, advised the press that a formal proceeding into the breach — which Microsoft itself acknowledges — has begun. Reuters reports that should Microsoft be found on the wrong side of the law, that the resulting fine could be as much as 10 percent of its global turnover. Whether the end sum would be as high as this remains to be seen, but given recent events, you can expected some hurried shuffling of paper in Redmond’s accounts department.

Filed under: Internet, Software

European Commission set to fine Microsoft over 2009 browser compliance breach originally appeared on Engadget on Thu, 27 Sep 2012 06:45:00 EDT. Please see our terms for use of feeds.

Permalink TechCrunch  |  Reuters  | Email this | Comments

In the US, the e-book price fixing scandal appears to be winding towards its inevitable conclusion. Many of the publishers settled with the DOJ right off the bat, and now the states themselves have gotten three publishing houses to cough up $69 million in their own agreement. (Of course, Apple, Macmillan and Penguin have all decided to go the trial route, but we’ll have to wait till next year to see how that plays out.) In Europe, the battle is still raging on, but Reuters is reporting that the accused are offering concessions in a bid to put the antitrust allegations behind them. The only name missing from the list is Penguin, which may or may not be part of the plea deal. Not all the details of the proposals have been revealed yet, and there’s no guarantee the commission will accept them. The heart of the settlement, however, would involve allowing Amazon to sell e-books at a discounted price for two years. Would cheaper Kindle books be good, clean fun for the whole family? Sure, but it certainly pales in comparison to the potential penalties if Apple and their publishing partners go to trial.

Filed under: Apple

Apple and publishers offer deal to put price fixing scandal behind them in EU originally appeared on Engadget on Fri, 31 Aug 2012 10:36:00 EDT. Please see our terms for use of feeds.

Permalink   |  Reuters  | Email this | Comments

Where there’s smoke, there’s fire and now that the EU’s caught a whiff of alleged misconduct on Microsoft’s part, it’s dragging Windows 8 under the hot lights. Though MS moved swiftly earlier this week to acknowledge and remedy the technical glitch that prevented users from selecting alternate browsers on early 2011 Win7 machines, it now faces similar claims from third parties regarding its upcoming Win8 tablets. According to Reuters, the European Commission’s broadening its investigation to encompass allegations that Redmond is blocking the install of rival browsers on Win RT tablets running ARM chips and withholding access to full APIs. The company’s yet to issue a response to this latest bout of legal drama, but when the stakes are this high, you can be sure it won’t be before long.

Filed under: Software

EU deepens Microsoft investigation amidst claims Windows RT tablets block rival browser install originally appeared on Engadget on Wed, 18 Jul 2012 18:09:00 EDT. Please see our terms for use of feeds.

Permalink   |  Reuters  | Email this | Comments