ODD Price Fixing Case Begins to Cause Reactions

The LCD price-fixing lawsuit isn't even over, but a new one has been started by the European Commission, one that suspects 13 companies of having conspired to illegally adjust prices of optical disk drives.

The first company to give a statement in response to the investigation is Lite-On IT, based in Taiwan. This one has received the notification from the EC and will cooperate with the investigation.

Truthfully, there wasn't much else it could have done, and this cooperation doesn't actually say whether or not Lite-On IT is confessing to anything.

It is interesting to see it reveal even this much though. EC did not unveil the names of the suspected companies, so this is a pretty bold move on the IT player's part.

We'll have to wait a while longer before we can figure out what it means. Maybe others will speak up in the meantime.