Nokia sues LCD manufacturers for price fixing

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Matthew

TS Evangelist
Nokia has filed suit in the US and UK against display makers Samsung, LG, Philips, Toshiba, Sharp, Hitachi, and Chunghwa for price-fixing. The manufacturers are accused of illegally conspiring to raise the prices of LCDs. As a result, Nokia said it paid too much for displays, and is seeking compensation. Damages supposedly include products sold between January 1, 2006 and at least December 11, 2006.

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klepto12

TechSpot Paladin
i feel that a lot of company's are doing this but are just getting away with it im glad someone is doing something about it. If only someone would do something about gas prices then my life would be good lol.
 

lfg18

TS Rookie
The important thing about this is that we all will benefit from this, if they are really fixing the prices we will be the ones who pay, that is not cool, I hope actions are taken against this, in that way, prices will be lower. LCDs for everybody!!!!!!! at a lower price jaja
 

BlackIrish

TS Rookie
Yeah, first Apple and now others too - Nokia is on fire :D Now if they would only use the money to better their phone's specs (almost all of them are lacking in CPU power...)
 

Heretic

TS Rookie
It hardly surprises me that some corporations in America are finding ways to price gouge the economies of countries besides our own. I'm glad Nokia had the guile to bring this to light, and set a few accounts straight.

Moreover, LCD displays are about to get cheaper. :D
 

Puiu

TS Evangelist
Since the year in which Nokia bought the LCD's is 2006 we will most likely see no price cuts from this.
But like everybody here, i'm hoping for some price cuts.
 

dellz

TS Rookie
price cuts , is that what peopel are really hoping for in thier lives , seriously i understand why nokia would sue a conspiracy like this , tho nokia itself is mass manufacturer i belive its one company with a conscious , tho it still thinks a lot about itself (more money money money) nokia treats their costumers with some respect.
 

swilllx2p

TS Rookie
It's really sad that a lot of companies seem to see shady business tactics as a everyday way of doing things. It's even sadder to sit and think about how much greed and selfishness has taken over. I'm glad that Nokia is taking a stand, though I doubt it'll make much difference in the big picture of these kinds of things.
 

Heretic

TS Rookie
Good for Nokia. I'm with absolutgaloot, and I hope that if there ARE more tech products that are price-fixed that they'll be remedied.
 

Wagan8r

TS Evangelist
I was going to say, "isn't this old news?", but they saved me the trouble! I hope this will mean cheaper phones for both AT&T and Nokia.
 

Nirkon

TS Enthusiast
I hope they pay what they deserve!

about the apple lawsuit, was there a followup story on that?
any updates?
 
G

Guest

does anyone know the name of the law firm handling the case in the UK?
 
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