Samsung coughs up $90 million more for DRAM price-fixing
By Darren Murph 
posted February 7th 2007 8:41AM
posted February 7th 2007 8:41AM
If you (or Samsung) thought this whole "DRAM price-fixing disaster" was finished, apparently that's just not the case anymore, as it looks like the semiconductor giant will be coughing up an additional $90 million "to settle litigation brought by 41 US states pertaining to Samsung's alleged participation in a global DRAM price-fixing conspiracy." Yes, the company has already been hit with a $300 million fine and watched a trio of its own execs hit the big house, but this $90 million is supposed to "benefit victims that paid artificially high prices for personal computers and other high-tech equipment that contained the chips." Additionally, it was stated that $10 million was reserved for the states and localities to "recover their losses," while the other chunk would be split amongst the throngs of "consumers and other victims." No other details about the payout were mentioned, and while it wasn't stated for certain, we can assume that this final penalty will indeed be the last, but all this grief that Samsung has received most likely has all those other potential price fixers squirming.
This would count as "DRAMa", wouldn't it? *b-dmp PSCHHHHH*
This is just states and lawyers shaking up the company so the they can pump up their wallets. How would this lawsuit benefit consumer? DRAM price has always been one of the lowest part of the whole PC cost.
These lawsuits only benefits the lawyers and the states. I really hate this type of lawsuits. Who gets the $90 million? Do consumers get checks from the states? No. The people will probably get taxed more one reason or another.
This is state rackets shaking-up an entity.
The state weeps crocodile tears about consumers paying "artificially high prices" but at the same time causes orders of magnitude more artificially high prices through regulations, tariffs, and price support programs. Screw them.