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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."

3 of 269 comments (clear)

  1. Re:Good thing I bought a plasma... by Grishnakh · · Score: 0, Offtopic

    Just get one of the new LED-backlit LCDs. I have a 24" monitor like this, and it's great. Better color than standard LCDs, and significantly lower power consumption too. My office gets hot enough as it is, I don't need my monitor generating even more heat.

    The LED-backlit LCD TVs I've seen look fantastic.

  2. Re:Not enough by Moryath · · Score: 0, Offtopic

    Offtopic but what the hell:

    it's a statement made by George Lucas himself during the making of the original Star Wars trilogy.
    Very relevant to the crapsacks that were the "prequel trilogy", which had basically no storyline and were filled with overdone, annoying special effects.

  3. Re:Not enough by P0ltergeist333 · · Score: 0, Offtopic

    In theory perhaps, but it could be a bitch in practice. Manufacturing costs are ultimately at the whim of commodity prices, which in case you haven't noticed, have in some instances been quite dynamic with the current [ rampant speculation by a criminally deregulated financial system which resembles Las Vegas gambling more than any actual investment in future potential.]

    Fixed that for you.

    --
    One of these days I'm going to cut you into little pieces. - PF