Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 05 December 2012 13:20

TV makers slapped with record €1.47 billion fine

Written by Peter Scott

Samsung, LG, Philips and co. done for price fixing

EU antitrust regulators have imposed a record cartel fine against six TV makers for anticompetitive behavior between 1996 and 2006.

The European Commission slapped Philips with a €313 million fine, LG came in second with a €295 million fine, followed by Panasonic and Samsung at €157 and €150 million. Toshiba, Technicolor and two Panasonic joint ventures also got fined.

Regulators concluded that the companies created two distinct cartels for TVs and computers monitors, abusing their position to fix prices.

EU Competition Commissioner Joaquin Almunia described the now defunct cathode ray tube cartel as a textbook example of a cartel, engaging in the “worst kinds of anti-competitive behavior” strictly forbidden to companies doing business in Europe.

Sadly, it took Euro regulators more than a decade to catch up with the cartel. In fact, when was the last time you bought a cathode-ray tube TV, or a cathode-ray tube anything for that matter?

More here.

Peter Scott

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments