Major Electronics Vendors Accused of Price Fixing

Lucas123 writes "After the DOJ launched an investigation last fall into price fixing by major optical disk drive manufacturers, a home electronics retail store filed a class-action lawsuit this week seeking triple damages for what it is claiming to be long-standing collusion among Sony, Samsung, Toshiba, LG Electronics and Hitachi to raise and fix prices on the drives. The suit claims the vendors used trade organization forums as meeting places to discuss the price fixing. 'These are big Asian smoke-stack industries where they're investing in big fabrication plants. You can't have a technology destroy the business,' said the attorney representing the plaintiff. 'If you fire up a big fab plant with CRT tubes, and the next generation technology destroys it, then you have a big fab plant manufacturing buggy whips. So they have to make sure the price points for these [newer] technologies ... don't destroy existing markets.'"

format

[Anonymous Coward]

Istead of prices being fixed, they should be floating point.

Re:No Stereotypes please

[Low Ranked Craig]

People the world over should not draw conclusions from the media. If I were to use the US media as my primary source of information, I would think that some of these so-called other countries are simply regions of America that I've not been to. I'd also think that anyone that doesn't live on the east or west coast lacks teeth and sleeps with their guns and their sisters. Point of fact, I have most of my teeth and I only sleep with one of my guns. My sister sleeps with my brother.

Re:No Stereotypes please

[azenpunk]

Really, the other guns don't get jealous? Or do you rotate them out night after night? Gun safe = harem!

Most Americans

[gbutler69]

deserve to be hated. Most of "us" are lazy and stupid. Just like most of the rest of the world. The people who hate stupid, lazy Americans are the same people who hate the stupid and lazy of their own country. The world is 80% stupid and lazy people. Deal with it. That's the way the world works.