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View Full Version : Samsung pleads to price fixing. $300M


PrntRhd
10-14-2005, 02:06 AM
Samsung is pleading guilty to price fixing on DRAM memory chips and will now pay a $300 million fine for rigging the market with others in 2001/2002:
http://www.informationweek.com/story/showArticle.jhtml;jsessionid=SYPSTYXQOWKTCQSNDBCSK H0CJUMEKJVN?articleID=172300905

Sempron
10-14-2005, 01:25 PM
That's absolutely rediculous!!

The investigation started in 2002, a year after memory chip prices began to climb even though the high-tech industry was in a tailspin. At the time, the hikes were attributed to tight supplies, although then-Dell Computer CEO Michael Dell blamed them on cartel-like behavior by chip makers.

That sort of tickled me