Dell sues five LCD-makers for price fixing

Status
Not open for further replies.
Matthew

Matthew

TS Evangelist
Dell is the latest tech company to sue a string of LCD-makers for price fixing. The company filed suit at a US district court in San Francisco on Friday against Sharp, Hitachi, Toshiba, Seiko Epson, and HannStar. The five firms allegedly violated antitrust laws by conspiring as a cartel to artificially inflate LCD prices. Dell hasn't stated the amount damages it is looking to recover, but it says the price fixing goes all the way back to 1996.

Read the whole story
 
Renegeek

Renegeek

TS Enthusiast
I think price fixing happens on eveything, and everywhere, thats just way it goes, and i wish it would stop. but everyone just wants a bit of the green...
 
natefalk

natefalk

TS Rookie
It's all about maximizing profits and nothing else matters....

Like renegeek says, this probably happens all the time we just don't know about it.
 
captaincranky

captaincranky

TechSpot Addict
IMO, a rather glaring instance of price fixing is related to PC RAM. The bottom fell out of the DDR2 market, a year or so ago, then Toshiba (I think) bought up a bunch of factories, and now it's four times the price. I even posted to a thread on this topic (memory) something about price fixing.how much we'd soon be paying for it!

While I can't quote specifics, this should be painfully obvious. It got to the point that nobody was making money on RAM, then all of a sudden, everybody's making it hand over fist.

Oddly, Toshiba's name always comes up when the s*** hits the fan.
 
N

nazartp

TS Booster
Price fixing, as in violation of an antitrust law, does not necessarily happen every time we see a price increase. If defendants could show that they behaved independently in their best interest, then there is no price fixing.

That is not to say that price fixing doesn't happen. One of more recent proven cases was when several major telecom providers participating in the FCC auction for cell phone frequencies used last three digits of their bids to signal each other on which markets to bid or not to bid.
 
TorturedChaos

TorturedChaos

TechSpot Chancellor
I have to agree with captaincranky, Toshiba name shows up a lot in a bad light. Gotta wonder about them sometimes.

Personally not very found of Toshiba. Had a tv or 2 of theirs die, and seen several bad laptops made by them that friends have owned (luckily not me :p )
 
captaincranky

captaincranky

TechSpot Addict
nazartp said:
Price fixing, as in violation of an antitrust law, does not necessarily happen every time we see a price increase. If defendants could show that they behaved independently in their best interest, then there is no price fixing.

That is not to say that price fixing doesn't happen. One of more recent proven cases was when several major telecom providers participating in the FCC auction for cell phone frequencies used last three digits of their bids to signal each other on which markets to bid or not to bid.
Click to expand...
In my memory example, I implied a different methodology of price control than you. This doesn't mean that I think yours is better, worse, or more or less valid, but it also doesn't mean that price fixing via controlling the supply is any less effective, or not practiced either.
 
R

rskapadia2294

TS Rookie
lol! price fixing happens everywhere! but it would surely profit the lawyers! as said by tekkaraiden!
but its great to see things becoming cheaper! :D
 
T

Thompson

TS Rookie
I agree with rajmond, there is an awful lot of suing going on, jeez.
It's doesn't surprise me that price fixing it going on but from Toshiba and Hitachi, that's unexpected.
 
Jay Pfoutz

Jay Pfoutz

Malware Helper
Dell is looking for a way to be the top of the line competitor, but they are also afraid the competition will move in and take over. But, if Dell had a deal with those sellers, and the deal was broken, then I guess Dell would be angry.
 
Status
Not open for further replies.

Latest posts