Samsung, Toshiba, Others Accused of LCD Price-Fixing

GovTechGuy writes "Toshiba, Samsung, Sharp, LG and other major technology companies allegedly colluded to fix the prices of LCD screens used in televisions and computers, according to an antitrust suit filed Friday by New York Attorney General Andrew Cuomo. The complaint alleges that top-level executives at those firms attended secret meetings on a monthly or quarterly basis where they agreed upon minimum prices, price targets, increases and rates to be charged to specific computer manufacturers. The suit also accuses the companies of exchanging product information, agreeing to output levels and keeping prices artificially high by avoiding competition. Cuomo is seeking hundreds of millions of dollars in damages and punitive charges for the alleged overcharging of state institutions."

Comments

Re:Its always interesting to see these allegations

[jpolonsk]

I could have had a 24 inch screen for under $200 4 years ago if it weren't for the price fixing.

Re:Par for the course

[haruchai]

Systems hate it when you anthromorphize them.

Do systems love it when they're not anthromorphized? Can I hurt the feelings of systems by ascribing feelings to them?