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Australia Lawmakers Summon Tech Companies Apple Inc, Microsoft Corp And Adobe Systems Inc-DJ

Monday, 11 Feb 2013 04:57am EST 

Dow Jones reported that Australian lawmakers have summoned global technology companies Apple Inc, Microsoft Corp and Adobe Systems Inc to appear before a parliamentary committee investigating the cost of information technology software in the country. The move to force executives to attend the hearing comes as the Australian dollar remains above parity against the greenback. This should make imports cheaper, but consumer advocacy groups and lawmakers say it isn't reflected in prices paid for software products in Australia. The Committee is looking at the impacts of prices charged to Australian consumers for IT products, Australian consumers often pay much higher prices for hardware and software than people in other countries. The IT executives will meet with the committee on March 22 in the Australian capital, Canberra. The inquiry into software prices began in the middle of 2012, but so far no executives from the biggest companies have appeared. International companies operating in Australia routinely blame high production costs and salaries for eroding margins and forcing prices higher. 

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26 Dec 2014