Florida to Sue LCD Manufacturers for Price Fixing

[admin]

This week a Florida Attorney General (Bill McCollum) said he is planning to follow New York's Andrew Cuomo's lead and file suit against Samsung, AU Optronics, Hitachi, LG, Sharp and Toshiba for "engaging in a conspiracy at the highest level to fix prices". While I'm certain this is theoretically possible, the low, low prices of LCD televisions, laptops and MP3 players leads me to think that if they were price-fixing, then they must be the dumbest price-fixers in the world.

Discuss "Florida to Sue LCD Manufacturers for Price Fixing" here. Read the article.

 

[3db]

Can't help but here the music for "Twilight Zone" playing thru my head after reading this.

 

[Chu Gai]

And it's all happened before

http://www.crunchgear.com/2008/11/12/lg-sharp-and-chunghwa-nailed-for-lcd-price-fixing/

http://www.crunchgear.com/2010/03/15/dell-to-sue-5-major-lcd-manufacturers-for-price-fixing/

http://www.crunchgear.com/2009/03/31/hitachi-executive-indicted-on-tft-lcd-price-fixing-scandal/

Since they're so willing to keep on repeating this, it tells me that the fines are outweighed by the profits. Cost benefit and all that.

 

[Stereodude]

Yeah, every time I go to the store I can help but notice that LCD TVs are getting more expensive as the result of behind the scene colusion...

Oh wait... That's not at all what I see... My bad...

 

[MapleSyrup]

While I'm certain this is theoretically possible, the low, low prices of LCD televisions, laptops and MP3 players leads me to think that if they were price-fixing, then they must be the dumbest price-fixers in the world.

Heh.

The lawsuit is a civil action to be filed in California federal court

Why am I not surprised?

 

[mwere]

Ridiculous

Typical US government. If they don't have something to fight against they "invent" something. Where were these guys when LCD tv prices were through the roof years ago? They just now begin a fight? I recognize that initial prices on all new things are always high but . . .

While I enjoy my system and my Samsung LCD, there are more important things to worry about and take action on.

I recognize that this is an Audio forum so I will keep my politics to myself.