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Samsung, Others to Pay Out $553 Million Over LCD Price-Fixing
Wall Street Journal Online ^ | 12/27/2011 | Joan E. Solsman

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 ...


TOPICS: Business/Economy
KEYWORDS: hdtv
OK, I don't see anything in the HDTV Ping List realm about this yet, so here's a decent link to one of many recent stories about this settlement.

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.

1 posted on 12/28/2011 4:54:16 AM PST by GreenAccord
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To: Las Vegas Dave

Just pinging you on this


2 posted on 12/28/2011 4:55:00 AM PST by GreenAccord (Bacon Akbar)
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To: GreenAccord

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!


3 posted on 12/28/2011 4:58:42 AM PST by N. Theknow (Kennedys=Can't drive, can't ski, can't fly, can't skipper a boat, but they know what's best for you.)
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To: GreenAccord

Lawyers will take 552 Mil. You get nothing.


4 posted on 12/28/2011 5:06:04 AM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: GreenAccord

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.


5 posted on 12/28/2011 5:15:58 AM PST by Think free or die
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To: GreenAccord

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.


6 posted on 12/28/2011 5:21:20 AM PST by Stevenc131
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To: Doc Savage
This was actually a (State) government suit, and of the total suit amount ($538.6 million), the legal costs are about $15 million. The rest seems to be going to cover refund resolutions. I am sure lawyers will get at that, but it is certainly not a class action suit where of some $100 million dollar settlement, lawyers get 92 million.

(I think I am reading another article (TimesOfIndia.com) correctly for those figures)

7 posted on 12/28/2011 5:23:11 AM PST by GreenAccord (Bacon Akbar)
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To: GreenAccord
I guess it wasn't enough for Epson to get sued over their ink cartridge scam, they had to get in on this one too.
8 posted on 12/28/2011 5:46:25 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: GreenAccord
If they were gouging so badly, why have HDTVs gotten so cheap so fast?

The federal government is the most corrupt monopoly of all.

When do we get to sue them?

9 posted on 12/28/2011 6:17:38 AM PST by E. Pluribus Unum (FOREIGN AID: A transfer of money from poor people in rich countries to rich people in poor countries)
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To: Stevenc131
...if I were going to get a new HDTV I’d still go plasma over LCD.

Get neither. LED blows them both away.

10 posted on 12/28/2011 6:18:30 AM PST by chopperman
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To: GreenAccord

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.


11 posted on 12/28/2011 6:22:30 AM PST by Eye of Unk (Castigo Cay by Matt Bracken, check it out. And his other works.)
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To: Eye of Unk
Last year it seemed like there was a massive campaign to buy 3-D anything...

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.

12 posted on 12/28/2011 6:31:24 AM PST by Pearls Before Swine
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To: GreenAccord
Chimei is the largest flat screen maker in Taiwan. Excellent quality.
They have had some problems of late with a venture into manufacturing in China for the Chinese domestic market. But their quality in Taiwan and export has not suffered.
They have been and still are a huge contract manufacturer.

They also built a really nice 9 story building on the campus of the local university - NCKU, National Chen Kung University.

ChungHwah and HannStar are also Taiwanese companies.
13 posted on 12/28/2011 6:48:05 AM PST by Tainan (Cogito, ergo conservatus sum)
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To: Tainan

Thanks for the update. Do they make TV panels or are they primarily making LCDs for the computer market?


14 posted on 12/28/2011 7:04:32 AM PST by GreenAccord (Bacon Akbar)
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To: chopperman

LED is LCD.


15 posted on 12/28/2011 7:06:15 AM PST by dis.kevin (Dry white toast)
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To: Stevenc131

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.


Plasma’s fine unless you live in a warm climate and do much air conditioning. It’s a space heater you pay once for the electricity to generate the waste heat, and three more times for the electricity to air condition it away.


16 posted on 12/28/2011 7:27:12 AM PST by Atlas Sneezed (Author of BullionBible.com - Makes You a Precious Metal Expert, Guaranteed.)
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To: GreenAccord
Both TV & computer monitors with LCD/LED/HD screens. I do not know if they are into plasma, but they probably are. (referring to Chimei here).

They also do a lot of laboratory, medical and industrial panels...big in that area.
17 posted on 12/28/2011 7:46:48 AM PST by Tainan (Cogito, ergo conservatus sum)
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To: GreenAccord; ADemocratNoMore; advertising guy; aft_lizard; AJMaXx; Alice in Wonderland; ...
Pinging the HDTV list..
HDTV pings!

18 posted on 12/28/2011 2:51:36 PM PST by Las Vegas Dave
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To: chopperman

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.


19 posted on 12/28/2011 3:45:13 PM PST by moonhawk (Romney tucks his tail and licks the hand that beats him. Newt rips it off at the shoulder.)
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To: E. Pluribus Unum

Agreed.


20 posted on 12/28/2011 7:19:54 PM PST by Gene Eric (C'mon, Virginia -- are you with us or against us?!)
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To: Las Vegas Dave

Thanks for the ping, LVD.


21 posted on 12/28/2011 7:20:37 PM PST by Gene Eric (C'mon, Virginia -- are you with us or against us?!)
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To: Beelzebubba; Stevenc131

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.


22 posted on 12/28/2011 8:04:37 PM PST by FreedomPoster (Islam delenda est)
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To: FreedomPoster

If AC is 75% efficient, I’m impressed.


23 posted on 12/28/2011 8:18:35 PM PST by Atlas Sneezed (Author of BullionBible.com - Makes You a Precious Metal Expert, Guaranteed.)
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To: Beelzebubba

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.


24 posted on 12/29/2011 5:16:45 AM PST by FreedomPoster (Islam delenda est)
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