Linked by Thom Holwerda on Thu 13th Nov 2008 12:48 UTC, submitted by Moulinneuf
Legal Prices of flat panels have been dropping quite steadily ever since they first came to market, but apparently, they could've dropped a whole lot lower if it wasn't for those pesky flat panel manufacturers. Three flat panel makers, LG Display, Sharp, and Chunghwa Picture Tubes (tubes...?) have pleaded guilty to engaging in price fixing schemes to the US Department of Justice, and agreed to a shared USD 585 million fine.
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kickbacks?
by firl on Thu 13th Nov 2008 15:00 UTC
firl
Member since:
2006-03-16

Why don't they give some money back to the consumers that were directly effected by this? ( I doubt I would be effected directly )

Reply Score: 1

RE: kickbacks?
by Tuishimi on Thu 13th Nov 2008 16:09 in reply to "kickbacks?"
Tuishimi Member since:
2005-07-06

With you on that... I'd love to see some cash returned to me from my Summer purchase of a new TV. On the other hand, I bought it at Circuit City... Hmmmm.

Reply Parent Score: 2

RE: kickbacks?
by pandronic on Thu 13th Nov 2008 16:14 in reply to "kickbacks?"
pandronic Member since:
2006-05-18

Well, how do you know Apple and Dell didn't absorb the costs themselves?

Reply Parent Score: 2

RE[2]: kickbacks?
by axel on Thu 13th Nov 2008 16:53 in reply to "RE: kickbacks?"
axel Member since:
2006-02-04

because up until now those were the standard prices, so whatever they Apple/Dell were charging was with the price factored in, hence it wouldn't really be "swallowing it" that phrase is kind of reserved if the prices had jumped higher suddenly but they continued to charge the same.

but yeah the question is now whether the consumer will see anything from this. My guess is yes, just because with the economy down I suspect that it's better for them to sell more laptops than make an extra 20-30 bucks per, and a drop in prices would probably help that, though not having their numbers, I can't say that for certain.

Reply Parent Score: 1