HP Sues Over LCD Price Fixing 56
angry tapir writes "Hewlett-Packard has filed a complaint against display manufacturers Chunghwa Picture Tubes and Tatung Company of America, seeking to recover damages it claims it suffered as a result of their involvement in a price fixing scheme. In November 2008, Chunghwa pleaded guilty to participating in a conspiracy together with other display manufacturers, including LG Display and Sharp, to set the prices of Thin-Film Transistor-Liquid Crystal Display (TFT-LCD) panels to predetermined levels. The company agreed to pay a US$65 million criminal fine at the time. A jury found AU Optronics, another display manufacturer, guilty of participating in the same conspiracy and was fined US$500 million in September by a judge of the U.S District Court for the Northern District of California. In October last year, 10 LCD makers, including Chunghwa Picture Tubes, were fined $176 million in South Korea for allegedly holding secret meetings to keep the prices for flat screen displays artificially high."
That's nice (Score:4, Funny)
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Company A sues Company B == mutually assured profit for the lawyers, and both companies pass their legal costs on to the consumers.
Re:That's nice (Score:5, Insightful)
There should be a fine against the lawyers holding a secret meeting to artificially create legal events that require the service of lawyers. But then we'll need meta-lawyers!
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There should be a fine against the lawyers holding a secret meeting to artificially create legal events that require the service of lawyers. But then we'll need meta-lawyers!
I suppose that's what mobs (the spontaneous kind, not the mafia related) are for.
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Re:That's nice (Score:5, Insightful)
Right, because HP plays so fair with customers over the printer ink issue...
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but don't printers usually come with underfilled cartridges?
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Yes, usually about 30% capacity. The guy is failing, hard.
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On the other hand, he's getting new rollers and a new head each time, and often printers are on sale.
Comment removed (Score:4, Interesting)
I'll Sue Ya (Score:1)
http://www.youtube.com/watch?v=MeXQBHLIPcw
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Probably it's The Automated Curse Generator [thedailywtf.com].
This shouldn't come as any sort of surprise. (Score:1)
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Over here the prices has fallen to like a 1/10th. Or less. So I don't get what you're saying.
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Where have you been?
15" 1024x768 TFT LCD screens used to cost $300+ circa 2004.
I'm typing this message on a 27" 2560x1440 S-IPS LED LCD screen that also costs $300 from South Korea. (It's a bit of an exception, but it was still obtainable here from the U.S.)
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Search Achieva Shimian or Yamakasi Catleap on ebay. There are other alternatives too.
Also visit 120hz.net.
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With technology which is evolving quickly, it's very difficult to pin price fixing schemes on anyone - the moment you find collaboration, the next best thing is already there, and everyone has moved on. I personally do not think that schemes like these are that important to Western consumers - I'm much more worried by contracts purported as being free for a few months that users cannot get out of, with an up front bribe.
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Considering the price of LCD/Plasma/Flatscreens have never really come down that much from their original price when they first hit the market,
I recall the first consumer flat panels were somewhere around 40 inches and cost well over $10K in the late 1990's. You can now get a 40 inch TV for three to four hundred dollars, perhaps less. Even without taking inflation into account, I'd say they've dropped considerably.
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"Considering the price of LCD/Plasma/Flatscreens have never really come down that much from their original price when they first hit the market"
What? 1080P 32" LCD screens when they first came out were nearly $4-5,000. I got mine for $800, regular retail, from Best Buy of all places, five years ago.
They sure as hell have come down from their original price, at least LCD.
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If anything, these companies should be forced to pay a class action settlements to anyone who bought their products at artificially high prices.
Here you go: https://lcdclass.com/ [lcdclass.com]
It's disturbing to me how little this has been publicized, to the point that even comments on this article don't mention it. It's an unusually decent class action settlement too, with damages around $25/screen (and not in coupons). The filing deadline is tomorrow, so get to it quick!
Chunghwa Picture Tubes! (Score:2)
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When I'm getting a LCD, I'm not exactly pondering whether it will sync perfectly to various display modes.
You will if you buy a super-cheap IPS LCD, which often doesn't include a scaler...
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And even if it does have a scaler, there's no guarantee it will support the signal anyways.
That's probably the one thing I do not like about my Samsung TV. Some games will work at 1024x768, other games running the same resolution and refresh rate will give me a no signal. Sometimes this is fixed by turning the TV on and off, other times, I have to quit the program and try again.
Never a problem running at 1920x1080, though. Too bad my main machine runs a rather old GeForce 7950GT.
Don't you mean flat panel display? (Score:4)
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Trinitrons! I finally tossed out my 17" Sony Trinitron monitor earlier this year. It served me well from 1997-2011!
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I have a CRT television that at the time of purchase, was advertised as a 'flat screen TV' because it has a flat rather than a convex screen surface.
It's worse than that. The CRT industry managed to get the FTC to allow them to advertise CRTs whose faces were sections of a cylinder, rather than a sphere, as "flat". Much to the annoyance of one vendor which had an actual flat-faced CRT.
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I have a CRT television that at the time of purchase, was advertised as a 'flat screen TV' because it has a flat rather than a convex screen surface.
It's worse than that. The CRT industry managed to get the FTC to allow them to advertise CRTs whose faces were sections of a cylinder, rather than a sphere, as "flat". Much to the annoyance of one vendor which had an actual flat-faced CRT.
I assume you are talking about Sony. But Weren't the original Trinitron screens sections of a cylinder? As far as I know they had the patents for both types of screens and licensed them to other companies.
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I assume you are talking about Sony.
No, Zenith [google.com], which had true flat-screen CRTs from the mid-1980s.
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Sony was the one selling CRTs that had faces that were sections of a cylinder, before they went to all flat screens sometime in the late 90's.
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Basically the same thing is happening now, where they are advertising "LED screens" that are really just LCDs with an LED backlight.
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CRT with a flat screen surface
I've got one of those in front of the couch, at the time panels were around $1k more than what I paid. Thing weighs a ton but it does the job. Way back in 1980 I bought a "portable" colour TV, it cost $400AU, (~3 weeks avg wages at the time), it was battered by kids for over 20yrs but was still working, my daughter inherited it but chucked it out when they turned off the analog signal a few years ago.
Confused (Score:1)
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Punishing them financially doesn't do anything. They price fix, make a bunch of money, get fined, then have to bump the prices up anyways to pay off the fines. Either way, the customer is screwed with higher prices (at first for price fixing, secondly to pay the fines), the company ends up fine. If you fine the executives, they give themselves a pay bump to pay off the fines, and then pass the cost to the consumer.
If executives actually went to jail for criminal activities, they might think twice before
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How come the people involved in the criminal activity don't go to jail?
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$129 for 22" Display (Score:2)
I can spend more on a week's groceries than a typical person is paying for his 5-year+ display at retail.
Just how low do the prices need to be before HP will be happy?