Feeds

Sharp bungs Dell and pals $198m to silence TFT price-fix spat

That'll be one amazing expenses claim

Security for virtualized datacentres

Sharp has agreed to fork out $198.5m to make the TFT monitor price-fixing lawsuits go away.

The Japanese firm announced it had settled with Dell and two unnamed companies out of court, and will slap the nine-figure payout into its next quarterly report as "extraordinary expenses".

It is understood the legal action was launched against Sharp's TFT display wing in America and Europe and believed to be related to allegations of collusion between flat-screen makers.

"After carefully taking into consideration the applicable US laws, the facts of the case, and other factors, Sharp has decided that the best possible course of action is to resolve these lawsuits by settlement," the firm said in a canned statement.

Another thing the firm may have carefully considered is Toshiba's defeat in a trial on LCD price fixing last week, which ended with a jury awarding $87m in damages to consumers and manufacturers.

The monitor price-fixing racket has been the target of much litigation and as a result Samsung, Hitachi, AU Optronics and others have copped multimillion-dollar fines.

Sharp said it didn't know how its profits will be affected by the settlement. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.