Nokia Sues LCD Suppliers

Nokia is alleging price fixing on LCDs and has sued AU Optronics (AUO), Chunghwa Picture Tubes (CPT), LG Display, Samsung, and Sharp. Nokia, the world’s largest maker of mobile phones, sued the three LCD suppliers on November 25 with the US District Court, Northern District of California, San Francisco division. Nokia is seeking to recover damages resulting from a price-fixing conspiracy by LCD suppliers. I’m scratching my head. With display market research firms like DisplaySearch able to provide detailed pricing as well as cost of manufacturing information for small/medium LCD panels why would any supplier risk legal trouble by price fixing? But LCD suppliers have done stupid things like this before. Source: The Wall Street Journal

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