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Sharp, LG plead guilty to LCD price-fixing

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Home A/V, Mobile, Computing | by Stephen Schenck | Thu Nov 13, 2008 3:22PM | 0 comments

Sharp, LG, and Taiwan-based Chunghwa Picture Tubes have pled guilty to illegally manipulating LCD screen prices to keep them high. The Justice Department accused Sharp of working with unnamed companies in deals that led to artificially inflated prices for displays going to Dell, Apple and Motorola. Prosecutors said LG and Chunghwa worked directly together to keep their prices high without worrying about competition. LG will bare the brunt of fines being imposed, owing the government $400 million dollars; Sharp and Chunghwa's $120 million and $65 million fines seem like a slap on the wrist in comparison. Although it may take time for the market to recoil, the end of these conspiracies should lead to cheaper LCD prices, and ultimately less expensive gadgets that feature the screens.

Company:
Chunghwa Picture Tubes, LG, Sharp
Glossary:
LCD
Around the Web:
external link $585 Million Plea Deal on LCD Price-Fixing [NYT > Technology]
external link 3 Firms Confess to Fixing LCD Prices, Agree… [Slashdot]
external link 3 LCD firms plead guilty in price-fixing… [Yahoo! News: Technology News]
external link 3 LCD firms plead guilty in price-fixing… [PhysOrg]
external link 3 LCD firms plead guilty in price-fixing… [USATODAY.com Tech - Top Stories]
external link CPT maintains US$65 million LCD price-fixing… [DIGITIMES: IT news from Asia]
external link LCD Makers Agree to Pay $585M in US Price… [PC World Latest Technology News]
external link LCD Makers Express Regret Over U.S.… [PC World Latest Technology News]
external link LCD Makers Plead Guilty to Price Fixing [WSJ.com: What's News Technology]
external link LCD Makers Plead Guilty to Price fixing [DailyTech Main News Feed]
external link LCD Makers Settle Price-fixing Charges, Agree… [PC World Latest Technology News]
external link LCD makers to pay $585m for price-fixing… [The Register]
external link LG Display, Sharp and CPT to be fined US$585… [DIGITIMES: IT news from Asia]
external link LG, Sharp and Chunghwa Fined $585 Million For… [Gizmodo]
external link LG, Sharp and Chunghwa Fined $585 Million For… [intech news blog]
external link LG, Sharp and Chunghwa to plead guilty to LCD… [CNET News.com]
external link LG, Sharp plead guilty to LCD price-fixing,… [Engadget HD]
external link LG, Sharp, and Chunghwa nailed for LCD… [CrunchGear]
external link LG, Sharp, Chunghwa admit to LCD price fixing… [Techmeme]
external link LG, Sharp, Chunghwa Agree to Plead Guilty,… [PR Newswire for Journalists: Consumer Electronics News]
external link LG, Sharp, Chunghwa pay $585M for LCD price… [Electronista | Gadgets for Geeks]
external link NEWS: LG and Sharp guilty of LCD price… [Pocket-lint.co.uk]
external link Remarks Prepared for Delivery by Assistant… [PR Newswire for Journalists: Consumer Electronics News]
external link Sharp, LG and Chunghwa get fined $585 million… [Tech Digest]
external link Sharp, LG and Chunghwa Guilty of… [Switched]

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