PC Pals Forum

Technical Help & Discussion => General Tech Discussion, News & Q&A => Topic started by: Reno on November 12, 2008, 19:49

Title: $585 million price-fixing fine
Post by: Reno on November 12, 2008, 19:49

This was obvious. Just the price of PC monitors has remained static for 3 or 4 years now. The old crts didn't stay this expensive.

Quote

Three major electronics manufacturers have agreed to plead guilty to a price-fixing conspiracy and pay $585 million in criminal fines for their roles in the pricing of LCD display panels, the Justice Department said Wednesday.

The department announced the charges following a settlement with Sharp Corp. of Japan; LG Display Co. (LPL) of South Korea and Chunghwa Picture Tubes of Taiwan.

The charges were filed in U.S. District Court in San Francisco, Calif., and announced by the assistant attorney general for antitrust at the Justice Department in Washington. To top of page

source (http://money.cnn.com/2008/11/12/news/international/pricefixing/index.htm)

Title: Re: $585 million price-fixing fine
Post by: Clive on November 12, 2008, 20:46

Punish them where it hurts...  in their profits!   ;D

Title: Re: $585 million price-fixing fine
Post by: Reno on November 12, 2008, 21:33

Quote from: Clive on November 12, 2008, 20:46

Punish them where it hurts...  in their profits!   ;D

It's not enough if you ask me. Especially not when they pull in billion(s) of dollars a year.