Price fixing is nothing new in the LCD panel business. Hell, collusion is pretty common across the entire purchaser


copyrights:cite this source synonym collection v1.1copyright © 2008 by lexico publishing group transistors management though it's uphill (and costly) to prove. Now Nokia, the world's largest maker of cellphones, is suing a who's who of Asian LCD manufacturers affirm a ploy to fix prices on handset LCDs. The november 11 11 25th filing in the U.S. ward Court for the Northern locality of California, San Francisco division, names Samsung Electronics, LG Display, Sharp, Hitachi, and Chunghwa Picture Tubes as co-conspirators. Nokia, of course, is seeking cash and injunctive relief to remedy damages incurred and has the dubious honor of coming another distinguished move launched against Apple just last month. With Nokia's high-margin smartphone sales waning against stiff competition, it's easy to compass why its execs would be miffed if they paid artificially high prices for panels pending the sheer volume of lower-priced handsets Nokia sells at razor thin margins.



Update: Just dawned on us that this lawsuit (which we now know claims an 11 company cartel general expenses from "at least" January 1, 1996 until Dec 11, 2006) joins the AT&T action kicked off in October. Pile on! Nokia has also filed suit in the UK against both LCD and CRT makers.

Nokia sues LCD manufacturers for alleged price fixing (update: joins AT&T) by birth appeared on Engadget on Tue, 01 Dec 2009 04:19:00 EST. Please see our terms for use of feeds.

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