Samsung Pleads Guilty To Price Fixing - GoFuckYourself.com

DateDoc · 10-13-2005, 01:02 PM

And will pay a $300 million criminal antitrust fine for working with other companies and agreeing to not undercut each other on pricing for DRAM.

Quote:

Washington: South Korean chip maker Samsung Electronics Company and its US subsidiary, Samsung Semiconductor Inc. have agreed to plead guilty and to pay a 300-million-dollar fine for participating in an international conspiracy to fix prices, the US Department of Justice said on Thursday.

http://sify.com/news/fullstory.php?id=13963087

LauraLee · 10-13-2005, 01:12 PM

Wish more of these fools would get busted.

WiredGuy · 10-13-2005, 01:15 PM

I wish some of these people would take a look at the gasoline business!
WG

Rinaldo · 10-13-2005, 01:16 PM

That's fucking insane

EroticySteve · 10-13-2005, 01:16 PM

WG, good call. However, if someone did that, we'd see gasoline at $1.50/gal again. Oh the horror.

Samsung. Corruption from a Korean company? No way.

DateDoc · 10-13-2005, 01:33 PM

Yeah, they should take a look at the oil companies. Record proffits yet they raise prices because oil is so expensive!! Look like the rate at which they raise the prices far exceeds the rate of the price of their raw materials.

8 Characters · 10-13-2005, 01:35 PM

So who gets the $300 million? The people who bought the DRAM at the inflated cost?

DateDoc · 10-13-2005, 01:56 PM

Quote:

Originally Posted by 8 Characters

So who gets the $300 million? The people who bought the DRAM at the inflated cost?

No, the US Govt. does. I am sure there will be more than 1 atty that comes up with the idea of a class action lawsuit.

E Guru · 10-13-2005, 02:05 PM

Quote:

Originally Posted by 8 Characters

So who gets the $300 million? The people who bought the DRAM at the inflated cost?

Yup, they give a shit about the consumer either. They just found a way to make some quik bucks so they did it.

woj · 10-13-2005, 02:07 PM

Quote:

Originally Posted by WiredGuy

I wish some of these people would take a look at the gasoline business!
WG

yea, no kidding

10-13-2005, 01:12 PM	#2
LauraLee Confirmed User Industry Role: Join Date: Sep 2003 Location: (Still) One Touch Cockie Posts: 3,821	Wish more of these fools would get busted. __________________ Priority Payout skype lauralee.bunker LL's Email

10-13-2005, 01:15 PM	#3
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,486	I wish some of these people would take a look at the gasoline business! WG __________________ I play with Google.

10-13-2005, 01:16 PM	#5
EroticySteve Confirmed User Join Date: Mar 2005 Location: The Sunshine State Posts: 4,365	WG, good call. However, if someone did that, we'd see gasoline at $1.50/gal again. Oh the horror. Samsung. Corruption from a Korean company? No way. __________________ You deserve to make more money. I'll help you do that. Our affiliates earn up to $3/email or $107/sale email steve <at> eroticy.com - icq 290153464

10-13-2005, 01:33 PM	#6
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Yeah, they should take a look at the oil companies. Record proffits yet they raise prices because oil is so expensive!! Look like the rate at which they raise the prices far exceeds the rate of the price of their raw materials. __________________

10-13-2005, 01:16 PM	#4
Rinaldo Confirmed User Join Date: Sep 2003 Location: South Florida Posts: 5,086	That's fucking insane

10-13-2005, 01:35 PM	#7
8 Characters So Fucking Banned Join Date: Jan 2005 Location: This month's character: Dirty Franck Posts: 2,336	So who gets the $300 million? The people who bought the DRAM at the inflated cost?