Feeds

DoJ gets up Micron's nose

Another 'anti-competitive practices' investigation -- yawn

  • alert
  • submit to reddit

Sole US DRAM maker Micron is under investigation by the Antitrust Division of the Department of Justice (DoJ) for anticompetitive practices and has been slapped with a grand jury subpoena compliments of the US District Court for the Northern District of California demanding information relevant to the investigation, the company revealed in a brief press release Tuesday.

Micron promises to cooperate fully with the investigation. The company "does not believe it has violated US antitrust laws," Micron Corporate Affairs Veep Kipp Bedard said in a canned statement. "The DRAM business is highly competitive and subject to extreme volatility. Competitive forces in today's market have led to DRAM prices reaching unprecedented lows."

Well, since no one asked old Kipp anything about prices, we'll just take that little voluntary tidbit to mean there's some issue of underpricing or dumping involved here that the DoJ needs clarified.

But hey, getting worked over by the DoJ Antitrust Division is about as bad as being bitten by a duck, if the MS trial is any indication.

No doubt Micron will be invited to propose a solution and shoot it full of loopholes which the DoJ will defend eagerly. And no doubt Wall Street will see it coming. Indeed, Micron shares closed up thirty cents Tuesday on the news. ®

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.