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Infineon To Pay $160 Million For Fixing RAM Prices

Posted by timothy on from the long-running-saga dept.

Jerrod K writes "Infineon Technologies pleaded guilty to charges of price fixing in an international conspiracy. The Justice Department said this is the third largest antitrust settlement ever. Other memory chip makers involved include Hynix, Samsung, and Micron Technology." Reader phalse phace adds a link to CNET's coverage.

8 of 356 comments (clear)

  1. The $160 million dollar tax question... by garcia · · Score: 5, Funny

    The real question is do they get to give away a bunch of 256k chips to schools as a tax credit?

  2. Odd Concept by Timber_Z · · Score: 5, Funny

    I recall that things got pretty bad for awhile, but I still have a hard time with the concept of price fixing, when I clearly remember paying $150 for 8MB of ram, and how good of a deal that was.

  3. Oh well by JLSigman · · Score: 4, Funny

    Guess we won't be getting our $13.50 checks. :-p

    --
    -jls
    Techno-pagan
  4. Re:And just how do I benefit? by xsupergr0verx · · Score: 5, Funny

    Maybe it's like the RIAA settlement.

    Each lawyer gets a new yacht, and we get a check for $4 in the mail.

    --

    Click here for a free picture of an iPod!
  5. My Head Just Exploded by mattgarnsey · · Score: 5, Funny

    From the article (condensed for brevity):

    Infineon Technologies announced today that it has plead guilty to a single and limited charge related to the violation of US antitrust laws in connection with the pricing in its Dynamic Random Access Memory.

    Infineon strongly condemns any attempt to fix or stabilize prices. Infineon is committed to vigorous and fair competition based solely on superior products and services.

  6. No, That's Impossible by srwalter · · Score: 4, Funny

    Every good slashdotter should realize that this is impossible. Theregister must just be trying to pull one over on us. I mean, clearly the Bush Administration is in the pocket of Corporations, and would never allow this to happen to big business. Obviously, the story is a farce.

    --
    Freedom is the freedom to say that 2 + 2 = 4
  7. Re:And just how do I benefit? by strictfoo · · Score: 4, Funny

    there's added incintive for the companies to NOT DO THIS SORT OF THING now, the society as a whole benefits and that is how you get the benefit.

    Yes, these wonderful lawyers who are doing this for the little people like you and me. The fact that they're making millions of dollars is inconsequential to them.

    I mean, look at the music industry! They've definitely changed their ways now that 20 different lawyer firms have made millions off of them and we've all gotten $2.85 checks in the mail.

    --
    I've just signed legislation that'll outlaw Russia forever. We'll begin bombing in five minutes.
  8. Re:And just how do I benefit? by geeklawyer · · Score: 5, Funny
    Each lawyer gets a new yacht, and we get a check for $4 in the mail.

    I must be missing the joke. Why is it bad I get a yacht?

    --
    -he who laughs last, is a bit slow.
    journal