EU fines CRT makers €1.47 billion for price-fixing

The companies engaged in price fixing and other anti-competitive practices between 1996 and 2006

Seven international electronics manufacturers were fined a total of ¬1.47 billion (US$1.92 billion) by the European Commission on Wednesday for conspiring to fix the price of cathode-ray tubes (CRTs) in two separate cartels between 1996 and 2006.

European Union antitrust regulators established that CRTs represented 50 to 70 percent of the price of a screen, and that LG Electronics, Philips, Samsung Electronics, Toshiba, Technicolor, Panasonic and MT Picture Display (MTPD) worked together in order to share the market for CRTs, allocate customers, fix prices, control their output and exchange sensitive commercial information, which stymied competition.

Some of the companies fined participated in both cartels, others in just one of them, the Commission said Wednesday. One cartel focused on color picture tubes used in televisions, the other on color display tubes used in computer monitors.

A Taiwanese electronics manufacturer called Chunghwa, which participated in both cartels, received full immunity because it was the first company to come forward with information about the anti-competitive practices. Some of the other companies received a fine reduction for their cooperation.

French electronics manufacturer and media services provider Technicolor, formerly known as Thomson, together with Japanese electronics manufacturers Toshiba, Panasonic and MTPD, currently a Panasonic subsidiary, only participated in the television tube cartel. Chunghwa, LG Electronics, Philips and Samsung SDI participated in both.

Technicolor, Philips and Samsung SDI received fine reductions of 10, 30 and 40 percent respectively.

The companies knew that they were breaking the law and were taking precautions to keep their practices hidden, the Commission said. Some documents found during the investigation had clear instructions that they were to be destroyed after being read, and one particular document contained a warning reading "Everybody is requested to keep it as secret as it would be serious damage if it is open to customers or European Commission."

Join the Good Gear Guide newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags peripheralsantitrustChunghwaLG ElectronicsmonitorsTechnicolortoshibaphilipsconsumer electronicsPanasonicTVsSamsung Electronicslegal

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Lucian Constantin

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?