Samsung to plead guilty in price fixing from 99 - 02
Either Samsung weren't very good at sweeping their dirt under the rug or they didn't want to get in any further trouble once the looking glass focused in on 'em, but apparently Samsung's fessing up to a worldwide practice of price fixing DRAM memory between April of 1999 to June 2002. And they'll be paying out the nose for what's supposed to be the second-largest criminal antitrust fine in US history, too — something to the sum of, oh, say, three hundred mil? Being DRAM it doesn't seem to directly relate to the South Korean FTC's investigation of Samsung's pricing practices for NAND flash memory, but Assistant US Attorney Niall Lynch did cite Apple, Compaq, Dell, Gateway, Hewlett-Packard, and IBM as beneficiaries of the Samsung's, um, generosity.
[Thanks, Mike]
