Jail terms for DRam price fixers
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Four executives at German memory supplier Infineon and its US subsidiary pleaded guilty to charges of illegally setting prices for PC memory chips, the US Department of Justice (DOJ) announced Thursday.
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(InfoWorld) - Sun Microsystems and Unisys have jointly filed a lawsuit against several major computer memory chip makers seeking compensation for alleged price fixing. The two computer makers individually filed lawsuits against the companies earlier this year but have now brought the cases together in the U.S. District Court for the Northern District of California, according to a Friday court filing. The complaint names South Korea's Hynix Semiconductor, Infineon Technologies of Germany, Japan's Elpida Memory and Mitsubishi Electric, Taiwan's Mosel Vitelic and Nanya Technology, and U.S. and European units of some of the companies. The lawsuit is one of several filed against DRAM makers after the U.S. Department of Justice (DOJ) began an investigation into price fixing in 2002. That has already seen a number of guilty pleas by companies and executives and fines have been levied against some DRAM makers. Last year Samsung ElectronicsÂ wasÂ ordered to pay a $300 million criminal fineÂ and HynixÂ agreed to pay $185 million. InfineonÂ paid $160 million,Â and Japan's Elpida agreed toÂ pay a $84 million fine.
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THREE German executives and an American with microchip giant Infineon Technologies face jail terms and fines under plea agreements to settle a US probe into price-fixing, according to the Justice Department.
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Four executives at German chipmaker Infineon were jailed today on charges of engaging in illegal price fixing of PC memory chips according to the US Department of Justice.
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German microchip giant Infineon Technologies agreed to plead guilty and to pay a 160 million dollar fine for participating in &quot;an international conspiracy to fix prices&quot; US officials said.
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NEW YORK - Martha Stewart has been ordered to serve her sentence for lying about a stock sale at the federal prison in Alderson, W.Va., a source close to the case told The Associated Press on Wednesday.    Stewart and stockbroker Peter Bacanovic were convicted of lying about why she sold ImClone Systems Inc...
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A German software dealer has been convicted of counterfeiting Microsoft Corp. products and sentenced to three years in prison, authorities said Wednesday.
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Proposed law suggests fines, jail sentences for guilty parties.
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Agrees to eight month jail term A Samsung executive at the centre of a memory chip price fixing scandal has pleaded guilty and agreed to serve eight months in jail. Thomas Quinn agreed the penalty as part of a plea bargain with prosecutors.â¦
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Infineon Technologies AG has agreed to plead guilty and to pay a $160 million fine for participating in an international conspiracy to fix prices in the DRAM market, the US Department of Justice (DOJ) said today.
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And MS rejigs compliance policy for SMEs An unnamed software dealer in Germany has been sentenced to three years in prison for selling unlicensed Microsoft products.â¦
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LONDON, September 16 (New Ratings) - Infineon Technologies (IFX.ETR) has agreed to plead guilty and to pay a fine of $160 million to settle the federal charges of participating in an international conspiracy of DRAM price fixing.
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(InfoWorld) - Struggling memory chip vendors may see a ray of hope in the near future as prices for DRAMÂ chips stoppedÂ their long slideÂ during the first half of July, according to a report released Tuesday. However, that pause is likely to be brief as DRAM suppliers still have too much inventory in their warehouses, said the report from iSuppli. As vendors like SamsungÂ and Hynix SemiconductorÂ seek extra revenue by selling off those inventories, prices could drop again, said iSuppli analyst Nam Hyung Kim. Therefore, Kim upgraded his rating of the short-term DRAM market only from "negative" to "neutral," saying he is not yet ready to declare a recovery in that sector. Falling DRAM pricesÂ help keep prices low for consumer electronics like PCs, MP3 music players and digital cameras. But it puts big pressure on chip makers to find new revenue. For example, in April Samsung blamed tumbling DRAM prices for helping toÂ push its net profit down 15 percentÂ in the first quarter of 2007, compared to the same period last year. In recent years, some vendors have broken the law in that effort, leading to price-fixing convictions by the U.S. Department of Justice against Samsung and Hynix, as well as their competitors Infineon Technologies, Elpida Memory, and Mitsubishi Electric. Price collusion by DRAM vendors can also harm business computer buyers, according toÂ a lawsuit filed in May against Hynix by Sun. Sun claims the South Korean company inflated prices for its DRAM chips, leading to artificially high prices for Sun servers and storage systems. Some chip vendors are trying to improve their profits by reducing their DRAM production in favor of NAND flash, the memory technology used in popular items like Apple's iPod music players and iPhone smartphone. That transition will help to keep the DRAM market strong in the third quarter of 2007 by avoiding a surplus, Kim said. But even the NAND market will begin to droop in the second half of 2007, as memory manufacturers rush into that sector and force another price decline, he predicted.
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Becomes the first company to plead guilty to conspiring with manufacturers to fix the prices of DRAM chips in a 2-year probe. WASHINGTON/SAN FRANCISCO: Germany&#39;s Infineon Technologies AG has agreed to plead
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NAND flash market goes under the scope The US Justice Department is busy handing out more RSVPs to NAND flash memory makers, cordially inviting them to a new market-wide price fixing investigation.â¦
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Federal prosecutors cracked a global cartel that had illegally fixed prices of memory chips in personal computers and servers for three years.