Saturday, December 03, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Sent Letter NHTSA Asking About Autonomous Vehicle Guidelines
Apple Blames Battery For Random iPhone 6s Shutdowns
Microsoft Stores Reveal Xbox Discounts And Offers
Researcher Bypasses The iOS Activation Lock
Facebook To Offer $20 million To Improve Silicon Valley Communities
Xiaomi Launches Voice -controller Mi Wi-Fi Speaker
Xiaomi "Denies" Mi MIX Nano Existence
Nokia D1C Specs Leak
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
Samsung Gear S3 Features Lonely Planet's Travel App, Guides and New Watchfaces
Samsung Galaxy S8 To Feature Automatic Focus Function to Its Front Camera
Samsung Investors And Executives Meet to Discuss Company Overhaul
Samsung Dominates The Global Mobile DRAM Market
Samsung To Design Its Own RiSC-V Micro-controller For IoT Devices
Samsung Display To Convert LCD TV Lines Into OLED Phone Lines
Samsung Group Offices Raided in South Korea Scandal
Samsung In Talks To Buy QD Vision
Samsung, Harman Outline Connected Car Vision
Samsung To Manufacture New 10nm Snapdragon 835 Mobile Processor Featuring Faster Quick Charge 4
Samsung To Reward Samsung Pay Users
Analysts Expect Curved, bezel-free iPhones For Next Year

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 .