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Another year in technology guarantees several things: new gadgets and new lawsuits. Recently, Nokia sued Apple; i4i Ltd won its lawsuit against Microsoft; Apple sued HTC, and now, Dell is suing a group of well known Asian LCD monitor manufacturers for alleged price-fixing. HannStar, Hitachi, Sharp, Toshiba, and Seiko Epson have been named in the case. Most copyright lawsuits are, in my view, the result of extremely broad and vague copyright patents, but Dell’s lawsuit is entirely different and, if true, surely justified.
Dell is charging these five companies in a conspiracy that has them in cahoots for overcharging for LCDs since 1996. Sharp and Hitachi are in hot water here since both have already pleaded guilty to similar schemes in the past: Sharp has been fined $120 million for price-fixing between April 2001 to December 2006, while Hitachi was nailed with a $31 million penalty by the U.S. Department of Justice.
Has anyone else seen the funny Matt Damon film The Informant?
Source: Wall Street Journal
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saranghaesuju on Dec 29, 2011 11:00pm
saranghaesuju on Feb 04, 2012 08:00pm
saranghaesuju on Dec 31, 2011 11:00pm
paperbunnies on Jan 10, 2012 12:00pm
chocolatecream on Jan 08, 2012 08:00pm
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Syndicator on Jan 13, 2012 09:24pm
chocolatecream on Jan 19, 2012 09:00pm
SarangAnnyeo on Jan 07, 2012 06:00pm
Hope this means prices will go down for LCD monitors after they win the lawsuit.