HP Says It Will Stop Distributor's Sales in Iran
By Jordan Robertson
SAN FRANCISCO -- HP (HPQ Quote) said late Thursday that it would stop a distributor from selling its products in Iran. The computer and printer maker acknowledged that it knew the sales were occurring despite trade sanctions on Iran, but maintained it did nothing illegal and was halting the practice "to go beyond the letter of the law."
The Boston Globe reported last week that HP could be in violation of U.S. export laws because of an arrangement it had with Redington Gulf, a technology distributor in the Middle East, to sell HP printers in Iran.
HP said at the time and reiterated Thursday that it complies will all export laws. But in a short statement provided to The Associated Press, HP said it would clarify contracts with its distributors "to explicitly prohibit the sale of HP products in Iran." HP said it would more closely monitor its distributors. ...
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