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3 Firms Confess To Fixing LCD Prices, Agree To Pay $585M Fine
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.
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.
... 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.
AIG.
It'll be ass flavoured. So you'll know what kissing their's would taste like.
Because 4:3 makes it look like it's a smiley face wearing a paper hat.
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.-