Philips, Samsung named in CRT-cartel suit
A whole bevy of companies have been named in a suit alleging that a CRT-cartel has been price-fixing the good-old tube. Companies claimed to be "in on the fix" include Philips, LG, Tatung, Matsushita, Samsung and Toshiba. The suit states that these companies banded together in the face of (precipitously) droppingdemand for CRT-based sets to, you guessed it, keep prices artificially high. The plaintiff's lawyer cites "...unnatural and sustained price stability, as well as inexplicable increases in the prices of CRTs" as evidence of the shady goings-on stretching back to 1998. Ten years seems like a stretch to us, and we haven't exactly been keeping up with CRT prices; but we'll see how this one settles out.
[Image courtesy of TheHarrowGroup]
