Leave a Comment

LG, Sharp plead guilty to LCD price-fixing, take $585m fine
Engadget — Filed under: Misc. GadgetsAllegations of LCD price-fixing have been swirling around for years now, and it looks like at least some of the companies involved have dirt on their hands -- LG, Sharp and Chunghwa Picture Tubes have all just pled guilty to price-fixing in a case filed by the US Department of Justice and will pay a combined $585m fine. LG's taking the biggest hit at $400m for conspiring to fix prices from September 2001 to June 2006, while Sharp's on the hook for $120m for jacking prices on panels sold to Dell, Motorola and Apple during the same time frame. Naughty, naughty. It also sounds like this plea agreement is more than just a sterile attempt to ...

LG, Sharp plead guilty to LCD price-fixing, take $585m fine
Engadget HD — Filed under: Industry, Displays, LG, SharpAllegations of LCD price-fixing have been swirling around for years now, and it looks like at least some of the companies involved have dirt on their hands -- LG, Sharp and Chunghwa Picture Tubes have all just pled guilty to price-fixing in a case filed by the US Department of Justice and will pay a combined $585m fine. LG's taking the biggest hit at $400m for conspiring to fix prices from September 2001 to June 2006, while Sharp's on the hook for $120m for jacking prices on panels sold to Dell, Motorola and Apple during the same time frame. Naughty, naughty. It also sounds like this plea agreement is ...

Price Fixing in the LCD Business Sure Doesn’t Seem to Do Much Good!
Technology Liberation Front — There’s news today that the Department of Justice (DOJ) is imposing fines on three leading electronics manufacturers — LG Display Co. Ltd., Sharp Corp. and Chunghwa Picture Tubes Ltd. — “for their roles in conspiracies to fix prices in the sale of liquid crystal display (LCD) panels.” According to the DOJ’s press release, of the $585 million in fines, LG will pay $400 million, the second highest criminal fine ever imposed by the DOJ’s Antitrust Division. Regardless of the merits of the DOJ’s case, I have to ask: Has there ever been a worse attempt at fixing prices in the entire history of price fixing? ...

Price Fixing in the LCD Business Sure Doesn't Seem to Do Much Good!
The Progress & Freedom Foundation Blog — There's news today that the Department of Justice (DOJ) is imposing fines on three leading electronics manufacturers -- LG Display Co. Ltd., Sharp Corp. and Chunghwa Picture Tubes Ltd. -- "for their roles in conspiracies to fix prices in the sale of liquid crystal display (LCD) panels." According to the DOJ's press release, of the $585 million in fines, LG will pay $400 million, the second highest criminal fine ever imposed by the DOJ's Antitrust Division. Regardless of the merits of the DOJ's case, I have to ask: Has there ever been a worse attempt at fixing prices in the entire history of price fixing? After all, have you looked at flat-screen prices lately? They do nothing but ...