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View Full Version : Samsung to Pay $300M Fine for Price Fixing



BAMAPHIN 22
10-14-2005, 02:46 PM
Samsung, the world's largest maker of memory chips for computers and other gadgets, will pay a $300 million fine to settle accusations it secretly conspired with industry rivals to fix prices and cheat customers, federal officials said Thursday.

Samsung's guilty plea to a felony price-fixing charge caps a three-year investigation by the Justice Department into makers of the chips, a $7.7 billion market in the United States. Two of Samsung's leading rivals earlier paid fines totaling $345 million and pleaded guilty to involvement in a scheme the government said boosted prices consumers paid for computers between 1999 and 2002.

http://news.yahoo.com/s/ap/20051014/ap_on_bi_ge/samsung_price_fixing;_ylt=AvipEgCdBFEgld2QyGL7m2Ss0NUE;_ylu=X3oDMTA3cjE0b2MwBHNlYwM3Mzg-

mor911
10-14-2005, 02:49 PM
Can the Mor get a little bit off that change?? The Mor has some Samsung crap that was probly purchased between 99-02

GreenMonster
10-14-2005, 02:57 PM
Can the Mor get a little bit off that change?? The Mor has some Samsung crap that was probly purchased between 99-02

Me too, I have had a Samsung phone for years now.. No wonder those things have been so expensive..

d-day
10-14-2005, 02:59 PM
i guess i'll sell my samsung phone... $800