Samsung, Toshiba, Etc Fined For Price Fixing

[exfileme]

Ten DRAM manufacturers were caught fixing prices in Europe.

Samsung, Toshiba, Etc Fined For Price Fixing : Read more

 

[wintermint]

Hate to say this.. but I'm disappointed at Toshiba and Samsung

 

[Trueno07]

Micron you
wouldn't survive a day on the streets.

(if you can't tell, i'm kidding.)

 

[siuol11]

Now if we could just get some of those illegal profits back...
Ha, who am I kidding? Companies do this for a reason.

 

[thee_prisoner]

The Japanese did the same thing in the(starting in the 60's) 70's to kill off the US TV and stereo manufactures, then bought up the names of RCA, Admiral, Sylvania, Philco, Quasar, Fisher, HH Scott, Marantz and etc.

If you look into so called "free trade" with the Japanese, it really isn't
free trade at all. It can be very hard to get a product into a Japan that might be a competitor to the products they make or other reasons.

 

[lunosnyper]

What about the price fixing on the DDR2 right now its doubled in price over the last six months.

 

[anamaniac]

[citation][nom]lunosnyper[/nom]What about the price fixing on the DDR2 right now its doubled in price over the last six months.[/citation]
German RAM manufacturer went under, and DDR2/DDR3 went 3-4x the cost (I was seeing $35 for 2x2GB sets for both DDR2 and DDR3 in Canada).
It wasn't that big of a loss to the industry, but the industry decided it was a great excuse to rape us on prices.
And it worked.

They're price fixing now. Someone please stop them already.
On the plus side, I could sell my 3x2GB DDR3 1600 set for over twice what I paid for it.

 

[horatio b]

I too do believe they are price fixing right now. I saw the prices of RAM and I absolutely refuse to spend my money on memory right now! DDR2 has more than doubled as lunosnyper pointed out.

 

[a4mula]

This is no suprise. Price fixing in the tech realm has been going on for years and continues to this day. You've never found it strange that LCD technology has stayed at a constant price for the past 10 years? How about GPUs? CPUS? Even after these lawsuits we'll continue to face price fixing. Do you honestly believe we'll see OLED technology, which costs pennys on the dollar compared to LCD drop in prices? Hell no, we'll pay more for it. CPU chips continue to become less and less expensive to manufacture, yet the prices increase. It's one giant shell game where the manufactures have no problem using collusion in order to maximize profit.

 

[zaznet]

[citation][nom]lunosnyper[/nom]What about the price fixing on the DDR2 right now its doubled in price over the last six months.[/citation]

They have had to increase prices to pay off fines...

 

[bochica]

The RAM manufacturers have been caught price fixing before, and they are doing it again right now which is why RAM sticks are 2-3x as much as they were last year. Hopefully this will help the prices go down in NA (this only says EU economic area), and this will mean slightly lower prices on the video cards as well. It sure as hell would help any investigation going on in the NA area.

 

[bochica]

[citation][nom]bochica[/nom]The RAM manufacturers have been caught price fixing before, and they are doing it again right now which is why RAM sticks are 2-3x as much as they were last year. Hopefully this will help the prices go down in NA (this only says EU economic area), and this will mean slightly lower prices on the video cards as well. It sure as hell would help any investigation going on in the NA area.[/citation]
I know this was for 98-02, but this still doesn't change the fact that this will spark further investigation of current price fixing.

 

[spearhead]

Nothing in the hardware industry went up in price as much as Dram over the past couple of months.
They deserve this fine as a result for there agreedment to hold off production in order to create a dram shortage in order to spike the prices

 

[JohnnyLucky]

It's like a neverending story. More stuff for a pc soap opera.

 

[G-Systems]

Might as well fine OPEC, Comcast, Verizon, and the Diamond industry as well... Oh wait--that's only in Europe...they don't do this unchallenged in Europe...

In the words of the EU, "Free Market, my ass!"