Skip to comments.Samsung, Others to Pay Out $553 Million Over LCD Price-Fixing
Posted on 12/28/2011 4:54:12 AM PST by GreenAccord
Sharp Corp., Samsung Electronics Co. and five other makers of liquid crystal displays agreed to an over $550 million settlement with several U.S. states involving allegations of price-fixing.
It is the latest development in a large antitrust investigation into makers of LCD display panels, which are used in computer monitors and notebooks, ...
(Excerpt) Read more at online.wsj.com ...
I haven't been able to find out what the specific states are (the articles say there are 24 states included in the settlement. It seems there will be refunds due (likely after you prove you purchased one of the offending corporation's products).
The companies included are:
My father-in-law owns an LCD rear projection set from Hitachi, so I am wondering if our state is included. I presume, since the suit includes sales from 1999 to 2006, this would include the LCD rear projection form factor since that was a predominant consumer set type in the early to mid-2000's.
Just pinging you on this
After being screwed by Samsung on their DLP (It’s the mirrors!) I have been regularly using my Samsung Logo VooDoo doll. I see it is working!
Lawyers will take 552 Mil. You get nothing.
It seems that whenever I get class action suit notices related to our investments that there’s very little benefit to typical members of the class. The last one I spent hours documenting resulted in a settlement that didn’t cover the cost of the first class postage to send in the claim paperwork.
Oh well, what you get for buying LCD instead of Plasma (just kidding). LCD has come a long way, but if I were going to get a new HDTV I’d still go plasma over LCD. LCD has always had a price advantage as far as manufacturing costs, I guess some companies figured prices were just too low on LCD.
(I think I am reading another article (TimesOfIndia.com) correctly for those figures)
The federal government is the most corrupt monopoly of all.
When do we get to sue them?
Get neither. LED blows them both away.
Last year it seemed like there was a massive campaign to buy 3-D anything, several times I tied to buy a regular plasma TV and salespeople kept trying to push the 3D sets on me.
However it does appear as if it may have fizzled out, its been months since I have seen any 3-D BluRay movies released, so hopefully this fad has come and gone.
3D gets pushed hard about twice a generation and then seems to die out when the novelty wears off. I wonder if the porn industry will give it more staying power for this cycle. I suppose it all depends on hardware standardization and the availability of cheap and lightweight cameras.
Thanks for the update. Do they make TV panels or are they primarily making LCDs for the computer market?
LED is LCD.
Oh well, what you get for buying LCD instead of Plasma (just kidding). LCD has come a long way, but if I were going to get a new HDTV Id still go plasma over LCD. LCD has always had a price advantage as far as manufacturing costs, I guess some companies figured prices were just too low on LCD.
LED only refers to the particular type of back lighting in an LCD.
There is no LED per se.
It does beat regular flourescent back lighting, however.
Thanks for the ping, LVD.
You’ve got the cooling efficiency inverted. It’s more like the cost to run the device, plus 1/3 again in increased air-conditioning costs. Maybe less if you have modern high-efficiency a/c.
If AC is 75% efficient, I’m impressed.
You need to understand the definition of EER, the energy efficiency ratio, which is how many BTU’s of heat are removed per watt-hour of energy consumed.
Your original statement implied that it took three units of electrical energy to remove one unit of heat (from the electrical energy used by the TV).
An air conditioning system sold today has a minimum SEER of 13. Lets assume a big plasma TV used 1kW, just to have a round number to work with. The electrical energy used becomes 3413 BTU/h of heat that must be removed by the A/C. Doing the math,
3413 BTU/h / 13 BTU/h-W = 262 W, or only about 1/4th of the electrical energy used for the TV to remove the heat from the space via the A/C. Thus the total cost per hour in summer to run that TV would be 1.262 kW x cost / kWh.
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