Slashdot Mirror

← Back to Stories (view on slashdot.org)

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.

2 of 417 comments (clear)

  1. 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.

  2. 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. :-)