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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.

7 of 417 comments (clear)

  1. Re:Here's hoping by zxnos · · Score: 0, Offtopic

    there is more material in my bowel than on the beautiful mrs. zxnos' left hand ring finger, yet i can't seem to move it...

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  2. RIAA by wclacy · · Score: 0, Offtopic

    Now are they going to go after the RIAA for price fixing?

  3. How come Microsoft gets away with this? by walterbyrd · · Score: 0, Offtopic

    As I understand it, msft makes all sorts of deals with other hw, and sw makers. Msft does this to preserve, and extend, their monopoly. Consider, for example, msft's deal with Novell.

    Why is it legal for msft?

  4. Re:So how much did they make? by tepples · · Score: 1, Offtopic

    Say, how come with all this price fixing, someone else didn't step in and offer LCDs for a lower price?

    Because patents distort the free market.

  5. Re:The Nerve... by ChrisMaple · · Score: 0, Offtopic

    Collusion to fix prices may be illegal, but it is curious that you consider it "wrong". By what standard does it become wrong to sell a product at a mutually agreed price? It looks like typical government bullying to me.

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  6. Re:So how much did they make? by Stealth+Potato · · Score: 1, Offtopic

    Meant to mod the parent "Insightful," but I slipped and selected "Redundant" instead. Thanks to the stupid new moderation interface, selecting an item from the listbox automatically performs moderation, so I didn't have any chance to verify my selection. >:-/

    So don't mind me, I'm just posting here to remove the effect of my inadvertent moderation. :-)

  7. Re:Color Invariance of CRT's by MrMacman2u · · Score: 0, Offtopic

    I agree, but as a graphics professional, try getting and LCD that WASN'T in the bargin bin.

    After checking out over 40 models in person, I spent a pretty penny... or 80,000 on my 24" LCD and the gamut and view angle is stunning, only a tiny color variance vertically at around 130 degrees and and nearly negligible variance on the horizontal.

    The only possible complaint I have is this model is discontinued and the replacement sucks so much I think the LHC spawned a black hole there....

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