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Strategies & Market Trends : Experienced Investors

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To: Saulamanca who wrote (79)10/13/2005 12:42:39 PM
From: Saulamanca   of 90
 
Samsung to Pay $300M Fine for Price Fixing

Thursday October 13, 12:37 pm ET
By Ted Bridis, AP Technology Writer

Samsung to Pay $300 Million Fine for Price Fixing, Federal Officials Announce

WASHINGTON (AP) -- Samsung, the world's largest maker of memory chips for computers and other electronic gadgets, will plead guilty to price fixing and pay a $300 million fine, federal officials announced Thursday.
The penalty is the second-largest criminal antitrust fine in history and caps a three-year investigation of the largest makers of "dynamic random access memory" chips, a $7.7 billion market in the United States.

The guilty plea by South Korea-based Samsung Electronics Co. Ltd. and its U.S. subsidiary, Samsung Semiconductor Inc., was to be entered Thursday in U.S. District Court in San Francisco.
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