Samsung a cheat!!
Yes, apparently so, as Samsung, the largest maker of memory chips in the world, will pay $300 million fine for being guilty of conspiring with its rivals in the $7.7 billion US market & fixing prices and thus cheating customers, the result of a three year investigation by the Justice Department, Yahoo! reports. 
Two of Samsung’s rivals, South Korea-based Hynix & Infineon Technologies AG of Germany, have already pledged guilty for crimes that lead to price hikes in computers between 1999 & 2002, and have paid fines of $185 million & $160 million respectively. The penalty on Samsung is the second largest criminal antitrust fine ever in the US.
They are all accused of conspiring via emails, telephone calls & face-to-face meetings to fix prices of the memory chips from April 1999 to June 2002. The chips besides computers are used in all sorts of gadgets like mobile phones, printers, digital cameras etc. And the victims of price fixing were Dell Inc., Compaq Computer Corp., Hewlett-Packard Co., Apple Computer Inc., International Business Machines Corp., Gateway Inc. and ofcourse their respective customers.
In my opinion, these people should be hanged!!
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That’s a rather long list. If you hand any of them, who’s left ?!
OK, now seriously, I agree these should be hanged.
Ha ha.. It happens all the time in indian government contracts..Who will bell the cat?
Lakshminarayanan, if only you’d read it right, you’d have known that this investigation & crime occured in USA & they’ve been penalised there & the situation there is not like what its here!!
so you see, the Cat is indeed belled there!!
Yes,,Amit..Samsung got caught..My laughing is that this is a well tested act in many parts of the world and especially in 3 world countries including india.Greed is the same whether the skin colour is white,red,yellow,brown or black.What differentiates is the rule of law.It has taken quite a while for the first world to create a level playing field.It may take perhaps double the time for others to create similar conditions.
You did well in highlighting this issue..
Yes, human greed is same, irrespective of the caste-colour-creed!! Its just that when the system is right & keeps a check, people stay within the line, when the system is not right, people stray!!