3 Firms Confess To Fixing LCD Prices, Agree To Pay $585M Fine 417
Oldyeller89 writes "LG, Sharp, and Chunghwa Picture Tubes pleaded guilty to charges of price fixing in violation of the Sherman Antitrust Act. They fixed the prices on LCD screens used not only in their products but also in other products such as Apple's iPods. The three companies agreed to pay $585 million in fines. Perhaps this will cause the price of our TVs to drop?" The New York Times also has a story on the outcome of this case.
Ya Know... (Score:5, Funny)
Re:Ya Know... (Score:5, Funny)
Re:Hmmmm (Score:3, Funny)
That's why you shouldn't steal. The government hates competition!
Re:Hmmmm (Score:5, Funny)
U.S. Department of Justice is levying the fines, so the money goes to the US Government. The Government will use the money to help bail out banks. ... that have no liquidity because of all the people who ran up their credit cards buying LCD televisions on credit and can't pay it back.
Re:Ya Know... (Score:5, Funny)
... I'd expect this kind of BS from Sharp and LG but not from Chunghwa Picture Tubes.
It's almost to be expected. After the success of "Tubthumping", they were desperate for another avenue. Sadly, they had nowhere to go but down.
FYI: Chunghwa Picture Tubes is a division of... (Score:2, Funny)
Matsumura Fishworks and Tamaribuchi Heavy Manufacturing Concern
Bad Timing for LG (Score:4, Funny)
I was just about to buy a new monitor for WotLK so I could quest easier (having quest info from wowhead on monitor A while gaming in windowed mode on monitor B).
Now I'm gonna definitely go with Samsung [futureshop.ca], because they are not involved in this lawsuit and therefore they must be rewarded for not getting caught. Anyone can tell that Samsung also does not pad their contrast ratios like LG obviously does. Who could believe a 10000:1 contrast ratio [futureshop.ca]? That's ridiculous! Samsung has decided to only push their padding to 8000:1 which respectfully identifies with the company's obvious higher level of integrity.
The Samsung even looks nicer!
Re:So how much did they make? (Score:4, Funny)
what flavour lollipop? It is important for them to earn my forgiveness.
Re:FYI: Chunghwa Picture Tubes is a division of... (Score:2, Funny)
Re:Hmmmm (Score:5, Funny)
AIG.
Re:So how much did they make? (Score:5, Funny)
It'll be ass flavoured. So you'll know what kissing their's would taste like.
But first, a number (Score:4, Funny)
Re:Hmmmm (Score:3, Funny)
... because they're out of jobs selling and delivering LCD TVs.
Re:Hmmmm (Score:1, Funny)
I like paying taxes. My tax money buys me civilization. I just hate freeloaders who want civilization without paying for it. If you don't like civilization, don't live in it. There is plenty of unclaimed land all over the world where you can live without paying taxes to anyone. Have fun!
If you like it that much you can pay my taxes and feel that much better. You are welcome.
Re:is 585M enough? (Score:4, Funny)
585M should be enough for anyone
Re:So how much did they make? (Score:3, Funny)
...and how much are we the public going to see?
$585 Million down, $699,415,000,000 to go...
The bailout will be paid for before you know it!
Re:Plasma? (Score:5, Funny)
Re:Hmmmm (Score:3, Funny)
Re:Plasma? (Score:5, Funny)
yea, but the colours on my LDC screen aren't nearly as good as the ones on my LSD screen.
Re:Hmmmm (Score:2, Funny)
That would be news to those sent to prison for tax evasion.
Re:The Invisible Hand (Score:3, Funny)
What are you, some kind of a... (cue scary music) SOCIALIST? Heretic, the free market is God in America, how dare you question It? Would you put God in chains to mere mortal designs? Blasphemer!