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Scamming A Good Days' Work: Data Storage Cartel Busted, Slaps On The Wrist All Round

qubit

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#1
Optical disc drives have been pretty cheap for years now, yet there is enough money in the business, that three executives managed to collude in price fixing of these devices, scamming HP, Dell and Microsoft in the process – and in the end the consumer, who foots the higher prices. The three are from Hitachi-LG Data Storage Inc. (HLDS) and have reached a plea agreement with the U.S. Department of Justice on price fixing charges for optical disc drives during the 2005-2009 timeframe. According to Security Week, the three executives, Sang Hun Kim, Young Keun Park, and Sik Hur, will each pay $25,000 USD in fines and serve little sentences of seven to eight months in prison at a "correctional facility" aka prison, that is yet to be decided.

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#2
... Fixed prices? You can buy a fast OD for like $20 thats cheap. Strange that they got such a small fine.:shadedshu
 

erocker

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#3
So paying $22 bucks shipped of an optical drive for the past few years is too much? Unless this is just for OEM/prebuilts.. Don't really care about those. Either way, optical drives have been pretty cheap for a while even though they are a dying medium.
 

InnocentCriminal

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#4
Read about this ages ago. Plus, I haven't used my ODD in months.
 
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#6
Double standards. Now let's look at the military supply industry... oh quick look the other way... :pimp:
 

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#7
Lol, let's look at pretty much any industry.
 

qubit

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#8
So paying $22 bucks shipped of an optical drive for the past few years is too much? Unless this is just for OEM/prebuilts.. Don't really care about those. Either way, optical drives have been pretty cheap for a while even though they are a dying medium.
Well, from the looks of it, this didn't affect purchases of single drives, just those purchased with pre-built systems, so likely the drives enthusiasts bought weren't affected, or not much.
 
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#9
Im reading the title of this and cannot belive what im reading. So i read it again
 
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#10
So instead of selling the drives at 6~8$ a piece they could sell them at 12~15$... Just 100~150K of these make 1M$
 

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#11
So instead of selling the drives at 6~8$ a piece they could sell them at 12~15$... Just 100~150K of these make 1M$
I'm sure you can find your slave labor parts somewhere...
 
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#13
It's not a Federal-pound-me-in-the-ass Prison, they'll be fine.
 

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#14
Nice Office Space reference. lol
 

qubit

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#15
Im reading the title of this and cannot belive what im reading. So i read it again
Yeah, it's shocking how these crims get away with it, isn't it? So, how many times have you read that addictive title now? 10, 20 times? More? ;)
 
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#16
GE and the incandescent electric light bulb? Well overpriced. You telling me, a complex electrical and mechanical component like the DVD drive has only the price-value of 10 old fashioned electric light bulbs? What a double standard.

From now on, all Asian companies in NA *must* walk the Apple route. It means, design and register some patent. Cross license it between yourselves, at $10 per optical drive build, and then continue as usual. Just make sure the "patent owner" is a US company... even if the stock of the company is jointly shared by the Asian OEM community.