Linked by weildish on Sun 18th Jan 2009 23:33 UTC
Legal Current and former executives from LG, Chunghwa, and Sharp have all agreed to plead guilty to various charges of fixing the prices of TFT-LCD screens. The executives will face six to nine months in jail, pay $20,000-$50,000 fines, and have also agreed to help the United States government in other LCD price fixing investigations. The companies themselves are ending up having to pay criminal fines to the government of $585 million, collectively. It was mentioned that Sharp was fixing the prices of LCDs sold to Apple, Dell, and Motorola. Hopefully this means that the prices of technology utilizing LCD screens is going to drop from this point onwards, but in times like these, you never do know.
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I dont understand either.
by iwod on Mon 19th Jan 2009 01:51 UTC
iwod
Member since:
2006-05-02

Look at DRAM now. Yes they price fix it long ago to get the profit, for what i thought they deserve. A few billion dollars.

And now they lost 10 billions dollars.

They get government intervene with price fixing. ( As if the LCD / DRAM market is not competitive enough ) .

And they get government funding when they lost money.

What is happening with Free economy? May be government should run everything?

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