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3 Firms Confess To Fixing LCD Prices, Agree To Pay $585M Fine

Posted by timothy on from the win-friends-and-influence-people dept.

Oldyeller89 writes "LG, Sharp, and Chunghwa Picture Tubes pleaded guilty to charges of price fixing in violation of the Sherman Antitrust Act. They fixed the prices on LCD screens used not only in their products but also in other products such as Apple's iPods. The three companies agreed to pay $585 million in fines. Perhaps this will cause the price of our TVs to drop?" The New York Times also has a story on the outcome of this case.

12 of 417 comments (clear)

  1. Ya Know... by kellyb9 · · Score: 4, Funny

    ... I'd expect this kind of BS from Sharp and LG but not from Chunghwa Picture Tubes.

    1. Re:Ya Know... by gEvil+(beta) · · Score: 4, Funny

      Good thing I held off on buying that Chunghwa set I was eyeing.

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      This guy's the limit!
    2. Re:Ya Know... by _Sprocket_ · · Score: 5, Funny

      ... I'd expect this kind of BS from Sharp and LG but not from Chunghwa Picture Tubes.

      It's almost to be expected. After the success of "Tubthumping", they were desperate for another avenue. Sadly, they had nowhere to go but down.

  2. Re:Hmmmm by gfxguy · · Score: 5, Funny

    U.S. Department of Justice is levying the fines, so the money goes to the US Government. The Government will use the money to help bail out banks. ... that have no liquidity because of all the people who ran up their credit cards buying LCD televisions on credit and can't pay it back.

    --
    Stupid sexy Flanders.
  3. Bad Timing for LG by mfh · · Score: 4, Funny

    I was just about to buy a new monitor for WotLK so I could quest easier (having quest info from wowhead on monitor A while gaming in windowed mode on monitor B).

    Now I'm gonna definitely go with Samsung, because they are not involved in this lawsuit and therefore they must be rewarded for not getting caught. Anyone can tell that Samsung also does not pad their contrast ratios like LG obviously does. Who could believe a 10000:1 contrast ratio? That's ridiculous! Samsung has decided to only push their padding to 8000:1 which respectfully identifies with the company's obvious higher level of integrity.

    The Samsung even looks nicer!

    --
    The dangers of knowledge trigger emotional distress in human beings.
  4. Re:So how much did they make? by peragrin · · Score: 3, Funny

    what flavour lollipop? It is important for them to earn my forgiveness.

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    i thought once I was found, but it was only a dream.
  5. Re:Hmmmm by greg_barton · · Score: 5, Funny

    Who gets the fine money?

    AIG.

  6. Re:So how much did they make? by Anonymous Coward · · Score: 5, Funny

    It'll be ass flavoured. So you'll know what kissing their's would taste like.

  7. But first, a number by snspdaarf · · Score: 3, Funny

    Everybody have fun tonight! (Everybody have fun tonight) Everybody Chunghwa tonight! (Everybody Chunghwa tonight)

    --
    Why, without your clothes, you're naked, Miss Dudley!
  8. Re:is 585M enough? by TheStonepedo · · Score: 3, Funny

    585M should be enough for anyone

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    I'll be your candy shop of infinite deliciousity if you'll be my discotheque of endless rump-shaking.
  9. Re:Plasma? by Anonymous Coward · · Score: 5, Funny

    Because 4:3 makes it look like it's a smiley face wearing a paper hat.

  10. Re:Plasma? by theheadlessrabbit · · Score: 5, Funny

    yea, but the colours on my LDC screen aren't nearly as good as the ones on my LSD screen.

    --
    -I only code in BASIC.-