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| Gen 865th Post
 
Red Carpet Regular Member++
    
    
    
|  "Re(2):Mmmmhh..."
, posted Wed 30 Oct 11:06
quote:
And people say Microsoft plays dirty...
Hmmm.. i'm sorry but i dun seem to be able to see that page. Care to copy and paste the story here if its not too long? Sounds interesting and i wanna noe whats going on.
European Commission Fines Nintendo
Wed Oct 30,10:21 AM ET
BRUSSELS, Belgium (AP) - The European Commission (news - web sites) fined Japanese computer game maker Nintendo (news - web sites) and seven of its European distributors a combined $165 million Wednesday for violating antitrust rules on pricing in the 1990s.
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Quote Data provided by Reuters
Nintendo Co. Ltd. and seven of its European distributors were fined a total of 167.8 million euros for keeping prices in some European markets high by illegally collaborating to limit cross-border sales.
The fine on Nintendo was 149 million euros ($146 million) and was fourth largest ever handed down by the European Union (news - web sites)'s antitrust authorities on an individual company for a single offense.
In a statement, the Commission said the fine reflected Nintendo's size in the market and its role as the "driving force behind the illicit behavior."
In Japan, a company spokesman said Nintendo did not contest the charges, but intended to appeal against the size of its fine claiming the case against it was based on information voluntarily submitted by the company.
The Commission said the company prevented distributors selling its goods from EU countries such Britain where prices were cheaper to those like Germany and the Netherlands where they were up to 65 percent more expensive.
"Every year, millions of European families spend large amounts of money on video games. They have the right to buy the games and consoles at the lowest price the market can possibly offer," said EU competition commissioner Mario Monti.
"We will not tolerate collusive behavior intended to keep prices artificially high."
The Commission said Nintendo and the distributors "intensively collaborated" to uncover traders who made price-cutting cross-border sales. Such traders were "punished by being given smaller shipments or by being boycotted altogether," the Commission said.
Other companies fined were John Menzies PLC, Nintendo's official distributor in Britain; Concentra-Produtos para criancas S.A. of Portugal; Linea GIG SpA in Italy; Bergsala AB from Sweden; the Greek unit of Japan's Itochu Corp.; Nortec AE of Greece, and the Belgian unit of Germany's CD-Contact Data GmbH.
The collusion continued from 1991 to 1998, the Commission said, even after Nintendo knew it was under investigation.
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| Time Mage 958th Post
Red Carpet Regular Member++
| "Re(1):Mmmmhh..." , posted Thu 31 Oct 03:42
quote:
And people say Microsoft plays dirty...
You couldn't resist!!!
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Anyway, It's fair that they have been sanctioned, they broke tha law, raising artificially the prices... and that affected me, so I'm glad they've been sanctioned, it's not that they're going to go broke because of this...
On the other side, they stopped this illegal behaviour in 1998, and have colaborated in the investigation, so I think they at least corrected in time, and now they're paying for what they did, but never said they were right. In this point is very different from Microsoft.
Gatotsu Zeroshiki!
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impure souls of the living dead shall be banished into eternal Damnation. Amen.
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