Epson Imaging Devices Pleads Guilty to LCD Price Fixing

August 26, in Business

Maybe, just maybe mind you, this is why the prices of LCD televisions have been coming down somewhat of late.  When companies are engaging in price-fixing behaviors, that’s going to artificially keep prices high.  Check out the initial post-hearings word:

Epson, a subsidiary of Seiko Epson, participated in a conspiracy to fix the prices of TFT-LCD panels sold to Motorola for use in its Razr mobile phones, according to a one-count felony charge filed Tuesday in U.S. District Court for the Northern District of California.

Now here’s the interesting part–THOSE panels may have been sold to Motorola, but they’re not the only place that may have gotten them.  TFT-LCD panels are also used in computer monitors and in LCD televisions. So you know price fixing may have had a hand in pricing there too.  This isn’t the first company that was caught with their proverbial hand in the equally proverbial cookie jar, of course–there’ve been others.  But for every one that’s caught, the market breathes a little sigh of relief.

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