Infineon To Pay $160 Million For Fixing RAM Prices 356
Jerrod K writes "Infineon Technologies pleaded guilty to charges of price fixing in an international conspiracy. The Justice Department said this is the third largest antitrust settlement ever. Other memory chip makers involved include Hynix, Samsung, and Micron Technology." Reader phalse phace adds a link to CNET's coverage.
The $160 million dollar tax question... (Score:5, Funny)
Odd Concept (Score:5, Funny)
Oh well (Score:4, Funny)
Geesh, I'm in the business of fixing things... (Score:1, Funny)
I guess my mum will have to do the dishes manually. Oh well.
Re:And just how do I benefit? (Score:5, Funny)
Each lawyer gets a new yacht, and we get a check for $4 in the mail.
My Head Just Exploded (Score:5, Funny)
From the article (condensed for brevity):
Infineon Technologies announced today that it has plead guilty to a single and limited charge related to the violation of US antitrust laws in connection with the pricing in its Dynamic Random Access Memory.
Infineon strongly condemns any attempt to fix or stabilize prices. Infineon is committed to vigorous and fair competition based solely on superior products and services.
Sounds to me like Crucialcould do this cheaper (Score:2, Funny)
Damn. I would've thought a Crucial.com web programmer or database technician could've done that pretty easily by having each stick of RAM on the website subtract, say, $20 - $30.
That's what? $22.50 for the hour spent making the change? Hell -- even cheaper if Crucial.com outsources its website/database operations to Bangalore.
IronChefMorimoto
No, That's Impossible (Score:5, Funny)
hope we get ram. some type of certificate (Score:1, Funny)
Re:And just how do I benefit? (Score:5, Funny)
Yes, these wonderful lawyers who are doing this for the little people like you and me. The fact that they're making millions of dollars is inconsequential to them.
I mean, look at the music industry! They've definitely changed their ways now that 20 different lawyer firms have made millions off of them and we've all gotten $2.85 checks in the mail.
Re:And just how do I benefit? (Score:5, Funny)
I must be missing the joke. Why is it bad I get a yacht?
Re:Odd Concept (Score:3, Funny)
Re:Sweet. (Score:2, Funny)
Nope, now infinion will have to make their money back that they have just lost, so expect a sharp rise in the price.
Re:Odd Concept (Score:3, Funny)
Re:The $160 million dollar tax question... (Score:3, Funny)
Of course they don't. 640k should be enough for anybody.
Re:No, That's Impossible (Score:3, Funny)
Re:Fine line between "dumping" and fixing (Score:1, Funny)
Or, more correctly, from anywhere in the world except the USA.
The Queen's English is what we damn foreigners are taught, not some awkward dialect from the transatlantic colonies.