Tuesday, August 22, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel First 8th generation Processors Released
Pre-Orders Start for the Xbox One X Project Scorpio Edition
LG ProBeam UST and MiniBeam Projectors Light Up at IFA 2017
HTC Vive Reduces Price By $200
New Samsung Notebook 9 Laptop is Coming Next Month
Samsung to Launch 49-inch QLED Gaming Monitor at Gamescom 2017
YouTube TV expands to new markets
Facebook Tests News Stories Customized to Users' Interests
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, October 14, 2005
Samsung Fined for Price Fixing


Samsung will plead guilty to allegations of price fixing and pay a fine of $300 million in a pact reached with the US Justice Department.

Samsung's plea and fine resulted from a government probe of dynamic random access memory chip makers. Other DRAM companies, South Korea's Hynix and Germany's Infineon, have already paid fines.

The U.S. government said the companies had conspired over a roughly three-year period ending in June 2002 to fix the prices of memory chips.

"Price-fixing threatens our free market system, stifles innovation and robs American consumers of the benefit of competitive prices," Attorney General Alberto Gonzales said.

The government's acting antitrust chief, Thomas O. Barnett also said seven Samsung employees were not protected by the guilty plea, an indication they may individually face criminal antitrust charges.

Samsung said in a statement the company "strongly supports fair competition and ethical practices and forbids anti-competitive behavior." A spokeswoman, Chris Goodhart, declined to identify the seven employees or say whether they still worked for Samsung.

"That's a decision for us to make moving forward," Barnett said. He added that prosecuting individuals -- not just companies -- in price-fixing cases is an important deterrent against similar abuses.

Among the companies said to be hurt by the plot were some of the biggest names in technology, including Dell, Hewlett-Packard, Apple and IBM.


Previous
Next
Windows Update to Support Xbox        All News        New Extra-Rugged Primera Bravo Disc Publisher
Windows Update to Support Xbox     General Computing News      New QuickTime Supports iPod video creation

Get RSS feed Easy Print E-Mail this Message

Related News
New Samsung Notebook 9 Laptop is Coming Next Month
Samsung to Launch 49-inch QLED Gaming Monitor at Gamescom 2017
Samsung Introduces New Portable T5 SSD
Samsung Galaxy Note 8 to have a Dual Camera Setup
Samsung Introduces Tbit V-NAND Memory Solutions
Rugged Samsung Galaxy S8 Active Available at AT&T
Samsung to Use Y-OCTA Displays for Next Galaxy S9 Smartphone
Samsung Semiconductor Revenues to be Higher than Intel's, says IHS
Samsung and TUMI Introduce the $500 Gear S3 Frontier Special Edition
Samsung Electronics Reports Record Profit, Expects High Chip Demand
Samsung Galaxy J3 and J7 are now Unlocked
Samsung Galaxy Note 8 to debut on Aug. 23

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .