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Hitachi fined over LCD price fixing

11 March 2009 19:01 by Andre "DVDBack23" Yoskowitz | 6 comments

Hitachi fined over LCD price fixing Following three other companies before it, Hitachi has admitted to price fixing LCD displays, most of which were sold to Dell and Motorola.

Over the last few months, LG, Sharp and Chunghwa Picture Tubes have each admitted to price fixing the LCD market and were forced to pay fines ranging from $65 million USD for Chunghwa, to $400 million USD for LG, the largest group of the three.

According to the Department of Justice, Hitachi will cooperate with the ongoing investigation and will pay a $31 million USD fine for the price fixing of "TFT-LCD sold to Dell for use in desktop monitors and notebook computers from April 1, 2001, through March 31, 2004."

"Hitachi joins three other multinational companies who have admitted to their involvement in fixing prices for LCD panels sold to U.S. companies and that have already paid criminal fines totaling more than $585 million," added Scott D. Hammond, Acting Assistant Attorney General in charge of the Department's Antitrust Division. "This case should send a strong message to multinational companies operating in the United States that when it comes to enforcing the U.S. antitrust laws we mean business."


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    windsong (Junior Member) 11 March 2009 20:09 Send private message to this user   
    Same thing happened with LG in Korea. FBI busted their asses for price fixing.

    Crooks.
    LILBUCK (Junior Member) 11 March 2009 22:47 Send private message to this user   
    Where is my rebate?
    domie (Member) 12 March 2009 8:57 Send private message to this user   
    Originally posted by LILBUCK:
    Where is my rebate?
    That's the biggest and bitterest rub isn't it ? The money is peanuts to these corporate giants so who loses out ?

    Only the customer who was screwed with the price in the first place meanwhile the government wins twice - first time when they pick up more sales tax on overpriced models and secondly when they pocket the money from the fines... I don't see them arranging to perform a Robin Hood and redistribute all the money that LG etc stole from customers in the first place - more likely they will continue in their traditonal role as Robin Blind

    This message has been edited since posting. Last time this message was edited on 12 March 2009 8:58

    DXR88 (Senior Member) 12 March 2009 12:41 Send private message to this user   
    "This case should send a strong message to multinational companies operating in the United States that when it comes to enforcing the U.S. antitrust laws we mean business."

    then hit up radioshack with a fine, they rob people everday.

    hell id sell dell overpriced stuff to, they do it to the consumer all the time.
    20TONS (Newbie) 13 March 2009 2:02 Send private message to this user   
    I would never purchase any Dell products. Their computers are overpriced and crap out within a couple of years and you end up with nothing more than a worthless hunk of metal.
    alank44 (Newbie) 14 March 2009 10:55 Send private message to this user   
    yah dell computers.
    my sister-in-law called me in fall and asked which computer is good.
    i just told her stay away from dell. so guess what she bought a dell.
    and with in 2 weeks the the cd-rom went out followed by the power supply which also took out the mother board.it was covered by the warrenty but just goes to show what kind of crap dell is
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