LCD maker cops to international price-fixing conspiracy
Apple, Dell, HP bilked
Yet another seller of LCD panels has copped to international price-fixing that bilked Apple, Dell, and HP, among others.
Taiwan-based HannStar Display Corporation has agreed to pay a $30m criminal fine for its role in a global conspiracy to fix prices of monitors that use TFT-LCD, or thin-film transistor-liquid crystal display, technology. Federal prosecutors in San Francisco allege that the company participated in the industry cabal from 2001 to 2006, artificially driving up prices of monitors, laptops, mobile phones, and other electronic devices.
HannStar is the seventh company to admit participating in the price-fixing scheme, according to Justice Department officials. The companies have collectively agreed to pay more than $890m in fines. Other companies that have pleaded guilty include Hitachi Display, LG Display, Sharp, and Chunghwa Picture Tubes.
The prosecutions are the result of a joint investigation conducted by the FBI and the San Francisco field office for the Justice Department's antitrust division. ®
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COMMENTS
and now
can we do something about the new conspiracy to reduce resolution in laptop screens recently? I thought for a while hi res laptops were becoming the norm, and then they started reducing the res in the name of widescreen and, ironically, "HD".
Spot on
This push for all laptops to be 720i/p resolutions is a big PITA for thos of us who value vertical screen real estate. My aged & slighlty iffy Dell 8600 (6+ yrs old) has a 1920x1200 screen as does my MacBook Pro. With the advances in technology these days, you would have thought that screens this size would be commonplace these days. Sadly they are not.
The push downward in specs of laptops is all too noticeable. Intel have not helped with their crazy CPU naming system these days.
Do I really have to do to the Intel website just to see how this i3/xxx compares to an i5/yyyy? Pah. I thought the web was going to make things easier for us. Now many manutacturers go out of their way to hide the true specs from us.
don't even get me started on mobile phones. I bought one unlocked phone as the advert said 'will work on any network'. Like hell it will. And now I'm having to go to court to get my money back.
$890m in fine...
...and who gets the money? Betcha it's not the consumers who ended up paying the extra costs.
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