Zebra 3 Report by Joe Anybody
Thursday, 23 March 2006
So where is all the Money?
Mood:  not sure
Now Playing: 37 millions in fines ? But where is that money at ?
Topic: BIG MONEY PLAYERS
In this Industry where so far, According to the Justice Department, there has been around $731 million dollars in fines which happens to be the second largest amount of ever collected by the department from a single price-fixing conspiracy.

So today, three Executives at South Korean chipmaker Samsung Electronics Co. who have just pled guilty and agreed to serve jail time and
each pay a 250,000 fines.
the results of a long investigation in the price fixing of computer chips.

The full article I read is here!

The sales executives admitted to a scheme to artificially set prices for DRAM (dynamic RAM) with other co-conspirators. The Justice Department has been investigating allegations of DRAM price-fixing since 2002. Earlier this year, Infineon pled guilty to corporate price-fixing charges and agreed to pay a $160 million fine.

The Court ordered Samsung to pay the $300 million fine in installments in the next five years,
with the first payment of
50 million dollars due within 15 days.
The PC customers affected by the price-fixing activities included Apple Computer, Compaq, Dell, Gateway, Hewlett-Packard, and IBM, according to the documents.

DRAM stands for "Dynamic Random Access Memory" which is used in computers, cell phones, game consoles, and other like products.

The Zebra 3 Report is just wondering where all that
300 million dollars the Justice Department is going to start collect within the next 15 days is going to?

HA....... gotta have deep pockets for 300 million
And I bet those Justice Department Brown Suits have just that pockets to hold all of that!


*check out the original link I posted at the top, and see the fines that have been collected already, 165 million from one, 84 million from another, 160 million from another ...WOW!

I wonder if those fines were in cash?




THIS LINK HERE IS AN INTERESTING INDEX TO a dozen articles ABOUT THE ROUGH ROAD THIS DRAM CHIP MARKET HAS BEEN GOING THROUGH WITH SUITS AND PATENT RIGHTS AND FTC APPEALS ..... GEEEEEE WHIZZZZ!

Posted by Joe Anybody at 10:20 AM PST
Updated: Friday, 24 March 2006 12:15 AM PST

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