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Sunday, December 6, 2009

Nokia sues LCD Manufacturers for Price Fixing

Nokia sues LCD Manufacturers Samsung, LG, Philips, Toshiba and others for price fixing, as reported last week.

As a result of the said price fixing, Nokia paid excessively for displays, and now the company wants some of his money back.

Nokia has filed suit against its manufacturers of screens in the U.S. and the UK related to the LCD screen, and a suit in the United Kingdom in the crt (cathode ray tube) displays. The company did not reveal how much money he wanted, but they was after the payment for goods sold between Jan.1, 2006, and at least December 11, 2006, according to documents filed in U. S. District Court for the Northern District of California.

The companies including LG, Sharp and Hitachi have already pleaded guilty to price-fixing on LCD and paid fines in an investigation headed by the U.S. Department of Justice makes Nokia confident of a victory, according to Nokia officials.

LCD technology is being used by Nokia in its mobile phones which is used to make CRT displays. Nokia sells about 35 million phones per month, and small changes in what Nokia pays for displays could have large effects on its costs.

Meanwhile, this is already the second high-profile suit the Finnish phone manufacturer has filed in recent months. In October, the company said it is suing Apple for violating 10 different patents owned by Nokia on the iPhone.

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