Three major electronics manufacturers have agreed to plead guilty to a price-fixing conspiracy and pay $585 million in criminal fines for their roles in the pricing of LCD display panels, the Justice Department said Wednesday.
The European Commission has expanded an informal probe into whether the licensing strategies of two rival groups of DVD developers are anti-competitive by seeking information from film studios, the EU executive said.
This is today's frontline in the battle of the electronics giants. Flat screen TVs are among the fastest moving consumer electronics products in the world. For one company flat-screens are more than a hot product, they're a virtual corporate life-saver. Sharp is now the world's biggest maker of liquid-crystal display televisions. But it wasn't that long ago that the company based in Osaka, Japan had lost its way. Profits had fallen sharply, the brand was limp and the future looked bleak. What it needed was radical corporate surgery and the doctor and savior as it turned out was the new president. Katsuhiko Machida spent 29 years at Sharp before taking the top job in 1998. And he took a huge gamble early on in his presidency by deciding to focus Sharp on flat-screen televisions and shut down many other product lines. He spoke to CNN's Andrew Stevens.