Optical Drive Cartel That Targeted HP and Dell Faces $132 Million Fine in Europe

Delayed justice

Eight optical drive makers will split a collective fine of €116 million (around $131.7 million in U.S. currency) for colluding to drive up ODD prices to HP and Dell a decade ago.

The Commission said its investigation found that companies participating in the ODD cartel “organized a network of parallel bilateral contacts that pursued a single plan to avoid aggressive competition in procurement tenders organized by Dell and HP.” Or in plain English, they screwed …read more

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