John Paczkowski

Recent Posts by John Paczkowski

LCD Makers Cough Up $538 Million to Settle Price-Fixing Charges

A coterie of seven liquid-crystal display makers have agreed to settle antitrust claims that they were colluding with one another to fix the prices of LCD panels.

Samsung, Hitachi, Sharp, Chimei Innolux, Chunghwa Picture Tubes, Epson Imaging Devices and HannStar Display, as well as some of their affiliates, will pay $538 million to settle allegations brought by eight state attorneys general that they conspired over eight years to fix prices on LCDs used in everything from computer monitors and notebooks to televisions and mobile phones.

Of that sum, about $501 million will be used to subsidize a refund program for consumers. The remainder will be distributed to the state governments of Arkansas, California, Florida, Michigan, Missouri, New York, West Virginia and Wisconsin to settle their penalty claims. The settling companies have also agreed to participate in antitrust compliance programs.

(Image courtesy of Flickr user Frank Gruber)


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work