|Dell Sues Sharp, Hitachi, and Toshiba for LCD Price Fixing|
|Home Theater News Industry-Trade News|
|Written by Dick Ward|
|Monday, 15 March 2010|
In essence, Dell alleges that the five companies have agreed on a price for their LCDs, and have formed a cartel to control supply, price, and thereby control the market entirely. Dell has not stated what kind of damages it will be looking for in the lawsuit, but we’re guessing it’s going to be a pretty big case.
This isn’t the first time Sharp’s been in trouble for LCD price fixing either. Back in 2008 Sharp and LG got in trouble for price fixing and were forced to pay over $600 million in fines. It’s not a pretty thing. While this is primarily focused on LCD monitors for computers, several of the makers named in the suit are also producers of LCD televisions. There’s no telling what kind of effect the suit could have on the LCD market, if successful, but expect to see some shifting prices in the near future.