Hitachi cops to Dell LCD pricing conspiracy
Found on The Register on Tuesday, 10 March 2009
A Hitachi subsidiary has agreed to a $31m fine for its role in an industry-wide conspiracy to fix the prices of monitors sold to computer and handset manufacturers.
Hitachi becomes the fourth maker of LCD monitors to cop to price fixing charges. LG Display in December agreed to pay $400m to settle similar charges, while Sharp has coughed up $120m after also pleading guilty. Chunghwa Picture Tubes, meanwhile, has been ordered to pay $65m.
Now you know why your LCD monitors didn't get as cheap as predicted years ago.