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Philips, LG, Panasonic slapped with 1.9 billion EU fine

12/5/2012 09:15 PM EST
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jackOfManyTrades
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re: Philips, LG, Panasonic slapped with 1.9 billion EU fine
jackOfManyTrades   12/7/2012 10:23:40 AM
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They're talking about 1996-2006 when CRT was very much a current technology. You're right that a large fine won't help Panasonic, but since when did being poor make it OK to break the law?

Think About It
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re: Philips, LG, Panasonic slapped with 1.9 billion EU fine
Think About It   12/6/2012 6:48:51 AM
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Interesting that companies received such a fine for technology that is no longer even used. What exactly was the anti-competitive effect? Did this stop flat screen development or technology advancement? A couple of the companies fined can afford the fees but some, e.g. Panasonic, are in the midst of layoffs and the fees could have the anti-competitive effect of actually eliminating competition. It seems the EC is the biggest anti-competitive body out there.

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