Friday, July 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. In Running out Of IP Addresses
Uber Suspends UberPOP in France
Casio To Enter The Smartwatch Market
GELID Has A new Low-profile CPU Cooler for Intel LGA115x
Sharp Plans to Release Transparent LCDs
ARCHOS Unveils the ARCHOS 50d Helium
July 29 Won't Be The Day You'll Get Your Windows 10 Upgrade
Windows 7 Remains The Leading Operating System
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > PC Parts > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 23, 2006
Samsung Executives Plead Guilty to Price Fixing


Three Samsung executives agreed to plead guilty and serve jail time for their involvement in the DRAM memory price-fixing conspiracy in the memory chip business, U.S. Justice Department announced on Wednesday.

The U.S. government has blamed several companies for driving up the price of dynamic random access memory( DRAM) chip makers, chips used in products ranging from personal computers and servers to cell phones, cameras and game consoles. They conspired over a roughly three-year period ending in June 2002 to fix the prices of memory chips, according to the U.S governement's invstigation.

The three executives each agreed to jail terms of between seven and eight months and will each pay a fine of $250,000 for their involvement in the price-fixing.The three executives are senior DRAM sales manager Sun Woo Lee, Yeongho Kang, associate director, DRAM marketing for Samsung's U.S. subsidiary, and Young Woo Lee, sales director for Samsung's German subsidiary.

The Samsung executives' pleas and sentences are subject to the approval of a judge in federal court in San Francisco. Their lawyers could not be reached for any comments.

In response to the plea, Samsung issued a statement noting that the company had previously reached a settlement with the department and saying it was "strongly committed to fair competition and ethical practices and forbids anti-competitive behavior."

In October of last year, Samsung itself agreed to plead guilty to price-fixing and pay a $300 million fine. Fines totaling more than $731 million have resulted from the DRAM investigation ( see CDRinfo's previous news).


Previous
Next
Dell To Buy AMD-Powered Alienware        All News        NVIDIA To Acquire Hybrid Graphics
ASUS Introduces Viiv-certified N4L-VM DH Motherboard     PC Parts News      Super Talent To Ship 1GHz 2GB DDR2 Memory Modules

Get RSS feed Easy Print E-Mail this Message

Related News
South Korean Display Makers To Provide Flexible Display For Next Apple Watch: analyst
Samsung 'S6 EDGE+' Trademarks Hints At New Model
LG G4 Better Than Samsung And Apple's flagships: report
Samsung Unveils New LEVEL U Wireless Bluetooth Headset
Samsung To Exit The HDD Business
Samsung to Stop blocking Windows Update With New Software
Samsung and LG U+ Signed MoU for 5G Technology
Samsung Said To Deliberately Disabling Windows Update
Red Hat and Samsung Team Up To Deliver Mobile Solutions for the Enterprise
Samsung To Work With U.S. Broadcasters To Advance ATSC 3.0
Samsung Keyboard Security Flaw Puts Milions Of Devices At Risk
Samsung Releases New All-in-One Thin Client Solutions

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .