Andre Yoskowitz
1 Dec 2009 14:37
Nokia has filed lawsuits this week against major CRT and LCD makers, alleging price fixing.
The companies, or their subsidiaries, named in the suits are AU Optronics, Hitachi, LG Electronics, Philips Electronics, Samsung Electronics, Seiko Epson, Sharp and Toshiba.
"The investigations are into alleged cartel activities, effectively price fixing, in the supply of both CRTs (cathode ray tubes) and LCDs (liquid crystal display) — components that we have bought in significant volumes over a number of years. Had we not been overcharged for them our profitability would have been higher," says Nokia spokesman Mark Durrant.
Durrant did not disclose how much Nokia was seeking in monetary damages, but did say they were "not insignificant."