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To: Dave B who wrote (42801)5/22/2000 6:55:00 PM
From: Don Green  Read Replies (1) | Respond to of 93625
 
O.T.

Toshiba Denies Stiffing Chinese Buyers In Laptop Settlement

Tuesday, May 23, 2000

BEIJING (Nikkei)--Toshiba Corp. (6502) is not discriminating against Chinese purchasers of its laptop and notebook computers by declining to compensate them for potentially faulty floppy-disk controllers, Toshiba Vice President Masaichi Koga said Monday.

The consumer electronics giant agreed last October to pay about 1 billion dollars to U.S. owners of such computers to settle a class-action lawsuit in that country. Koga told reporters that the firm notified its exclusive sales agent in China soon after both parties reached an agreement.

Chinese reporters peppered Koga with tough questions, in many cases denouncing Toshiba for failing to provide Chinese media and customers with accurate details of the settlement.

The People's Daily, an organ of the Chinese Communist Party, has launched a campaign accusing Toshiba of discrimination, with one headline stating that Toshiba is compensating U.S. customers, but not Chinese.

(The Nihon Keizai Shimbun Tuesday morning edition)