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EU launches competition investigation against Qualcomm

2015-07-16 10:15:00| Telecompaper Headlines

(Telecompaper) The European Commission has opened two formal antitrust investigations into possible abusive behaviour by Qualcomm in market for baseband chipsets for mobile devices. The first will examine whether Qualcomm breached EU antitrust rules that prohibit the abuse of a dominant market position by offering financial incentives to customers on condition that they buy the chipsets exclusively or almost exclusively from Qualcomm. The second will look into whether Qualcomm engaged in 'predatory pricing' by charging prices below costs with a view to forcing its competition out of the market. This is the second time the EC looks at competition complaints about Qualcomm, after dropping in 2009 a four-year investigation into the US-based company's licensing practices. That time competitors withdrew their complaints, after Qualcomm changed some of its practices following action by Korean and Japanese regulators. More recently the company settled a major competition probe in China. Qualcomm said it was "disappointed" that the EC had taken the next step in its proceedings, while noting that this "represents neither an expression by the Commission on the merits of the case nor an accusation against the company". Qualcomm said it has been cooperating with the EC and will continue to do so, but believes "that any concerns are without merit". The Commission will now gather further information on the case before deciding whether to bring formal charges against Qualcomm. There is no deadline for completing its investigation.

Tags: competition investigation launches qualcomm

Great Auk Wireless founder under SEC investigation

2015-07-08 17:21:32| Wireless - Topix.net

BRATTLEBORO >> Wireless Internet customers and the state of Vermont may have fallen prey to an alleged scammer who is under investigation by the U.S. Securities and Exchange Commission. Customers in the Brattleboro region say representatives for Great Auk Wireless are not picking up the phone to field customer complaints, and the owner of the company may have fled the United States to avoid an investigation.

Tags: great sec wireless investigation

Investigation Underway in Fiery Tennessee Train Crash

2015-07-06 19:55:49| Railroads - Topix.net

About 5,000 residents evacuated after the derailment of a freight train carrying flammable and toxic gas in eastern Tennessee were allowed home on Friday as investigators looked into the cause of the fiery accident. Authorities were examining the black box from the CSX Corp train that derailed with one tank car bursting into flames at midnight Wednesday in Blount County, near Maryville, Tennessee.

Tags: train investigation tennessee crash

Airlines: Just How Big a Deal is the Justice Department Investigation?

2015-07-02 04:15:49| Airlines - Topix.net

Stifel's Joseph DeNardi remains bullish on airlines like United Continental , Delta Air Lines and American Airlines but worries that the Justice Department's investigation into price collusion could have an impact on sentiment and fundamentals. He explains: Investigation Likely Creates Further Headline Risk - Clearly, we have little visibility into what internal emails from airlines will show if that is in fact what the DoJ is interested in seeing, but in terms of what airlines have said publicly and what capacity and pricing trends show, we don't see much of a case for how the industry has colluded.

Tags: the big department deal