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."