InsideTech

For those that have not caught on yet... These companies were price fixing the "parts" which led to higher prices per unit. Most other companies bought parts form these three manufacturers. The dumb statement about the oil companies... We are not being screwed by the oil companies. Don't rely on the news to give you the best info. Research how companies that peddle commodities work. The "cost" is not what they actually pay. It is a number based on the activity in the stock market.. The next time you have a hard time with the Gas and Fuel prices look to the government which, has the ability to but, does nothing to limit trading on oil and gas.

Thanks for your response. Maybe free enterprise isn't such a good idea. Or perhaps a growing government watchdog is just what we'll have to pay for to "protect" us as we convert to socialism from a democracy--right after we convince the soviets to do the opposite.

Price fixing means that 2 or more companies agree to charge the same amount instead of competing against each other in price. These 3 LCD manufacturers provide the majority of LCD screens.

Once they become broke due to these fines, the government will have to give back the money to bailed them out and keep people employee. This is the ironi of the economic situation.

Ok fix your story. First you say its $585M, then you say that LG has to pay $400M and the other companies have to pay the rest which is: $85M. Now, which is it? Is it $485M or $585M ??? Because if it is $585M then it is the BIGGEST fine not the second biggest. Roach paid: $500M.

A classic example of the liberal plague that has swept America. If these TVs were so overpriced then WHY THE HELL DID YOU BUY IT!!! It doesnt take a rocket scientist to get on Google and do a price comparison. The US govt. has become one of the most spineless institutions around. If old people are dumb enough to pay 2 grand for a 26" lcd, then they deserve what they get. Last i checked they still make the big box TVs at bone-low prices, and these will be perfect for our geriatric imbociles.

to the person whom asked will the prices by these manufacturers drop on there tv's the answer is all manufactures displays will drop as you could buy a veiwsonic monitor and it would have an LG screen in it these are the manufacturers of the screens that other manufacturers put into their displays otherwise the price fixing would not work only 3 makers is not enough to affect the market. These 3 companies produce all of the screens used by all manufacturers so you should see a price drop across the board from all manufacturers