Feeds

Hitachi cops to Dell LCD pricing conspiracy

'Bilateral meetings'

Gartner critical capabilities for enterprise endpoint backup

A Hitachi subsidiary has agreed to a $31m fine for its role in an industry-wide conspiracy to fix the prices of monitors sold to computer and handset manufacturers.

Tuesday's guilty plea by Hitachi Displays came the same day the US Justice Department filed a one-count indictment that claimed the Japanese monitor maker actively sought to drive up the price of thin film transistor liquid crystal display monitors sold to Dell. The company admitted its officials attended "bilateral meetings" to discuss and agree upon prices of LCD monitors sold to Dell.

Hitachi becomes the fourth maker of LCD monitors to cop to price fixing charges. LG Display in December agreed to pay $400m to settle similar charges, while Sharp has coughed up $120m after also pleading guilty. Chunghwa Picture Tubes, meanwhile, has been ordered to pay $65m.

Four individuals working for the companies have also received prison sentences or fines for their roles in the conspiracy, which also forced Apple and Motorola to pay prices above market rates for monitors used in their products. In all, the government's price-fixing investigation has netted more than $585m.

The case is the result of a joint investigation conducted by the San Francisco field offices for the Justice Department's antitrust division and the FBI. ®

Boost IT visibility and business value

More from The Register

next story
Apple takes blade to 13-inch MacBook Pro with Retina display
Shaves price, not screen on mid-2014 model
iPhone 6 flip tip slips in Aussie's clip: Apple's 'reversible USB' leaks
New plug not compatible with official Type-C, according to fresh rumors
FEAST YOUR EYES: Samsung's Galaxy Alpha has an 'entirely new appearance'
Wow, it looks like nothing else on the market, for sure
YES YES YES! Apple patents mousy, pressure-sensing iVibrator
Fanbois prepare to experience the great Cupertin-O
Steve Jobs had BETTER BALLS than Atari, says Apple mouse designer
Xerox? Pff, not even in the same league as His Jobsiness
TV transport tech, part 1: From server to sofa at the touch of a button
You won't believe how much goes into today's telly tech
Apple analyst: fruity firm set to shift 75 million iPhones
We'll have some of whatever he's having please
Things are looking up in Flappy Bird sequel
'Swing Copters' offers the same gameplay but in a different direction
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.