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DateDoc

10-13-2005 01:02 PM

Samsung Pleads Guilty To Price Fixing

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 :thumbsup

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