6 ms·
If they sold $1.1B in drives, then shouldn't the fine be larger than $1.1B?
by liminal 3y ago
If they sold $1.1B in drives, then shouldn't the fine be larger than $1.1B?
- advisedwang 3y agoIt's a settlement. Maybe the DoC thought the fine should be $600M but they only had a 50% chance of succeeding at trial; getting a guaranteed $300M win is then rational.
- rtpg 3y agoIf you’re going off the idea that the fine is based on the value of the gain, then you need to go off of the profit made (bit trickier with staff working multiple projects but hard disks aren’t 100% profit)
- intvocoder 3y agoIf the fine does not exceed the value of the gain, is there any incentive to comply with the law?
- tough 3y agoWelcome to our globally connected modern world and it's silly rules
- madsbuch 3y agoThe amount might very well exceed the value of the gain. My presumption is that the harddisk industry is a margin business. I would be surprised if they have profits of more than 5-10% of the 1.1b.
- rtpg 3y agoMy point is that revenue is not gain? Like if I’m a retail store reselling at 10% profit $100 of revenue only represents $10 of gain.