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Technology Stocks : Micron Only Forum
MU 232.99-2.3%2:03 PM EST

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From: inaflash9/12/2006 6:28:44 PM
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Sun, Unisys File Lawsuit Against Hynix and 6 Others Over Memory Chip Price-Fixing

Micron also named. If they're successful, who gets the money, Sun and Unisys? What about the customers? Do we have to sue Sun/Unisys to collect the amount we were overcharged? Sounds like a class action lawsuit here...only the lawyers are sure winners in all this.

biz.yahoo.com

SAN FRANCISCO (AP) -- Sun Microsystems Inc. and Unisys Corp. have filed a combined lawsuit against Hynix Semiconductor Inc. and six other technology companies as part of an ongoing federal investigation into a worldwide price-fixing scheme.
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Sun and Unisys say the companies bilked them of millions of dollars by keeping prices artificially high for computer memory chips. The chips are used in an array of gadgets, including personal computers, printers, digital cameras, video recorders, video game equipment and cellular phones.

Apart from South Korean memory chip maker Hynix, the lawsuit filed Friday in the U.S. District Court for the Northern District of California targets Taiwanese manufacturers Mosel Vitelic Inc., Nanya Technology Corp. and Winbond Electronics Corp.; Japanese manufacturers Elpida Memory Inc. and Mitsubishi Electric Corp.; and Germany's Infineon Technologies AG.

Sun and Unisys also named Micron Technology Inc. and Samsung Electronics Co. Ltd. as coconspirators in the lawsuit, similar to the one Sun filed by itself in March.

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