Friday, July 01, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Micron To Reduce Workforce Following Slow Third Quarter Results
Apple in Talks to Buy Tidal: Report
U.S. Authorities To Investigate Tesla's Crash in Autopilot Mode
Oracle To Pay HP $3 billion In Itanium Case
ZTE To Invest $180 Million In Tech Start-ups
Alliance Storage Technologies Releases New NETArchive NAS Storage Solution
Android N Will Be Called "Nougat"
B&O PLAY H5 In-ear Earphones Launch Globally
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 Starts Selling Unlocked Galaxy S7 Phones
Samsung Adds A Fingerprint Recognition Sensor To The Rear-Camera Module
Samsung Galaxy Note 7 Specs Show 64GB Onboard - Google-branded Phone In the Works?
Samsung Trademarks The 'Ahead' Communication Device
Samsung Launches the Notebook 7 Spin
Samsung Pay Launches In Spain, Singapore and Australia
Updated Samsung Galaxy Tab A Released
Samsung Electronics to Focus on NAND Flash, IoT And 5G
Samsung To Become An Apple OLED supplier
Samsung to Buy Joyent to Expand Cloud Services
Samsung Gear Fit2 GPS Sports Band Launches Globally
Samsung SDI To Supply Batteries For Tesla’s Energy Storage System

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 .