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RAM Manufacturers Fined for Price Fixing
TufelKinder writes "From Law.com: 'In the largest fine ever obtained by San Francisco antitrust prosecutors, a Korean company has agreed to plead guilty and pay $185 million for its role in a conspiracy to drive up the price of computer chips.' Micron and Infineon have also been fined for their role in the scheme." From the article: "It's the third-largest fine of its kind in the United States, and it could be just a preview of even bigger penalties. The far-reaching computer chip investigation, which alleges wrongdoing from 1999 through 2002, affects thousands of consumers."
Honest
Will they pass the cost onto the consumer?
This has got to be a wake-up call to major corporations. This goes to show that price-fixing will not be tolerated in the tech industry. Now perhaps we could get this to extend to other industries such as DVD's/CD's, and maybe even OIL!
Okay, okay, I admit it, I'm drunk.
Yay so I can use the money I will save on RAM and put it towards high gas prices.
crap
No, no, no. This money goes to WHOM.
Allow me to add another Mencken quote:
The American public knows what it wants, and deserves to get it. Good and hard.
"Sometimes a woman is a kind of religion, she can save your soul & set you free from all your sins" - Bad Examples
Enforcing DMCA litigation in San Francisco. What?!? Did you really think the government would give it back to you?
Of the 185 million, half goes to the court costs on the part of the government (92.5 million). Half of that goes to lawyers (46 million). Half of that goes to the expert witnesses (23 million). Half of that goes to the "betterment of society" committee, that takes a look at how RAM prices affect San Francisco's children (11 million).
Another half gets lost in the bureaucratic mix (6 million). Half of that goes to fun a failed municipal wireless project (3 million). And the other 3 million goes back to the good citizen's of San Francisco in the form of a park or statue or something else people can look at and talk proudly of how their government provides them with so much.
Just makes you damn proud to be an American, doesn't it? I know I am!
...will receive a 32MB stick of PC 66 memory.
Boot longhorn?
---- Booth was a patriot ----