Major Electronics Vendors Accused of Price Fixing

Posted by Soulskill on Saturday February 27, 2010 @03:17AM from the if-it-ain't-broke dept.

Lucas123 writes "After the DOJ launched an investigation last fall into price fixing by major optical disk drive manufacturers, a home electronics retail store filed a class-action lawsuit this week seeking triple damages for what it is claiming to be long-standing collusion among Sony, Samsung, Toshiba, LG Electronics and Hitachi to raise and fix prices on the drives. The suit claims the vendors used trade organization forums as meeting places to discuss the price fixing. 'These are big Asian smoke-stack industries where they're investing in big fabrication plants. You can't have a technology destroy the business,' said the attorney representing the plaintiff. 'If you fire up a big fab plant with CRT tubes, and the next generation technology destroys it, then you have a big fab plant manufacturing buggy whips. So they have to make sure the price points for these [newer] technologies ... don't destroy existing markets.'"

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In communist China by FShort · 2010-02-27 03:24 · Score: 0, Troll

price fix you!
Re:Is there anything to this? by Anonymous Coward · 2010-02-27 07:42 · Score: -1, Troll

All I see in the story is innuendo; no hint of any actual evidence.
It's also somewhat hard to believe that the Korean conglomerates are conspiring with the Japanese ones.
Well, "Real Americans" just can't get enough of Wal-Mart, and almost everything they sell comes from COMMUNIST CHINA! Communism! Ya'know, like LIBURALS! Evil, Satanist Communists.
And we send them all our money just so we can get the Low Price. Always.
You aren't funny. You are 16 and think what you just said was satire. If it was even worthy of being considered satire, it was of the lamest variety.