Comments on: Nokia Sues LCD Manufacturers Over Alleged Price Fixing

By: Stephen

Stephen — Wed, 02 Dec 2009 16:49:20 +0000

Looks like Nokia is on the clearly on the offensive and looks like many players in the mobile handset market who have taken the Finnish maker for granted might have to pay the price. You might know that Apple is being sued by Nokia over patents violations and thinks look positive for Nokia. Apple has been accused of trying to manipulate Flash Memory prices and now LCD Makers are accused of manipulating their prices.

By: Tech News: Windows BSOD, Office 2010, YouTube Pay TV & LCD Lawsuits | HighTechDad Blog

Tue, 01 Dec 2009 18:48:28 +0000

[...] Nokia Sues LCD Manufacturers Over Alleged Price Fixing “Nokia followed AT&T’s lead by filing a price-fixing lawsuit against Samsung, LG and nine other manufacturers of liquid crystal displays. The suit, which was filed last week in San Francisco, claims the LCD manufacturers colluded to inflate the price of products that were used to make the Finnish manufacturer’s phones from 1996 to at least 2006. Nokia is seeking unspecified damages as well as an injunction to bar the alleged collusion.” (source: GigaOm) [...]

By: Anonymouse

Anonymouse — Tue, 01 Dec 2009 17:38:15 +0000

Its the best thing that can happen to manufacturers - they get a huge $$$ bonus that never gets back into the hands of their customers, who over paid for their hardware as a result of this artificially inflated part pricing.

A nice profit margin increase over night! happier share holders.