TELECOM Digest OnLine - Sorted: Re: NYS AG Spitzer Again; Against Price Fixing Chip Makers

Re: NYS AG Spitzer Again; Against Price Fixing Chip Makers

DLR (news23@raleighthings.com)
Fri, 14 Jul 2006 16:32:20 -0400

Danny Burstein wrote:

> " Attorney General Eliot Spitzer today filed a federal lawsuit
> charging leading manufacturers of computer memory chips with
> price-fixing.

> " New York's lawsuit charges that beginning in approximately 1998, the
> chip manufacturers made a secret agreement to raise the prices of
> their memory chips, known in the industry as 'dynamic random access
> memory chips' or 'DRAM.' DRAM chips are used to hold data and
> temporary instructions available for quick access while the computer
> or other digital product is in use. Many of the chips are sold to
> computer manufacturers, known in the industry as original equipment
> manufacturers or 'OEMs,' for use in computers and other products...

> rest:

> http://www.oag.state.ny.us/press/2006/jul/jul13b_06.html

Couldn't be that the heads of these billion dollar companies all quit
acting stupid and decided to make a profit on less sales than try an
continually grow market share while loosing money.

Noooo. Spitzer is too smart to go after an industry loosing money and
tell them it's illegal to raise prices.

Open non-monopolistic markets do always mean lower prices.

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