Plasma and LCD Price Fixing

Posted in General on November 13th, 2008 by tht

 LG Display Co., Sharp Corp. and Chunghwa Picture Tubes Ltd were found guilty of price fixing for they monitors and television units.

The “crystal meetings” as they are becoming known for, ran from 2001 to 2006.

Fines levied were $585 million dollars.

So what does this mean for consumers…  We should hope this will truely drive prices again where competition, supply and demand determine the price.

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