Korea Times is a publication that isn't shy of the odd bold statement and today it's claiming that HP's South Korean offices were raided on suspicion of price-fixing deals made with IBM and Oracle. The country's Fair Trade Commission seized documents, computer records and questioned employees over alleged price-rigging on public-sector contracts. A company spokesperson said that the visit was routine, while FTC officers refused to comment about ongoing matters, but what is clear is that if any wrong-doing is found, the case will be turned over to prosecutors with the aim of commencing criminal proceedings for those responsible.
Google might be in trouble for how it handled an earlier raid by South Korean officials over antitrust concerns. Insiders claimed to AllThingsD that the country's Fair Trade Commission stormed Google's Seoul offices again on May 28t... Read Post
Hewlett-Packard is suing a former executive for allegedly stealing trade secrets before he took a job with HP rival Oracle. Filed Wednesday in Santa Clara County Superior Court, the lawsuit alleged that Adrian Jones, a former HP sen... Read Post