Sunday, May 01, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
You Can No Longer Use Google In Cortana searches
HP Releases New Chromebook for Home and Office
AMD and Nantong Fujitsu Microelectronics Close on Semiconductor Assembly and Test Joint Venture
Google's Pichai Sees the End of Computers
Amazon Reports Strong Quarter
Sony Reports Loss But PlayStation Keeps Performing Well
Japan Display Showcase The Latest In Display Technologies In SID DISPLAY WEEK 2016
Strong Galaxy S7 Sales Keep Samsung's Profit High
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
Strong Galaxy S7 Sales Keep Samsung's Profit High
Samsung Developer Conference Showcases New Smart TV Tools
Key Samsung Technologies That Enabled 10nm-Class DRAM
A Look at Samsung Foundry's Business Strategy
Samsung Galaxy S7 and S7 Edge Now Available in Pink Gold
Samsung Galaxy C Coming Next Month
Samsung Signs OLED Deal With Apple: report
Samsung Brings Its 2016 SUHD TV Line Up To The U.S.
Samsung, LG And Japan Display Invest In Japanese OLED Startup
Samsung Expects High First-quarter Profit
Samsung Granted Patent for Smart Contact Lenses
Samsung Starts Mass Producing First 10-Nanometer Class DRAM

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .