Antitrust Litigation Uh ?

[DMD]

Yesterday I recieved in the mail a letter from US District court of Northern CA
In Re: Dynamic Random Access Memory Antirust Litigation.

Against around 18 different Companies. Micron,Crucial and Winbond to name a couple.

Anybody else recieve it?

And if so WTH is it about?

Thnx Dale.

[cmichael258]

I beleive they aregoing after several companies for price fixing,

[kram 2.0]

In case you're interested in further reading and clarification:

http://pcmech.com/show/kudos/993/

kram

[Kareeser]

Quite a good read. I can't blame them for what they tried to do. I suppose they evaluated their options before deciding to break the law. Perhaps overhauling/streamlining their manufacturing process and cutting costs is just too expensive to keep the profit margin high.

At the least, perhaps it bought them all time to do such a thing.

Awhile ago, I saw DDR ram for sale for $23... I remember buying RDRAM for my IBM... Futureshop offered to supply the ram for $150!

[David M]

Oh goodie....I'm looking forward to my $5.00 off coupon on my next purchase of a DIMM module. It's nice to know that the lawfirm who filed the lawsuit is going to make millions so they can buy new Porsches instead of the money getting to the consumers who were ripped off.

[Rockrz]

Originally Posted by David M Oh goodie....I'm looking forward to my $5.00 off coupon on my next purchase of a DIMM module. It's nice to know that the lawfirm who filed the lawsuit is going to make millions so they can buy new Porsches instead of the money getting to the consumers who were ripped off.

Basically, it's the responsibility of the buyer to shop and beware!

[David M]

Rockerz,
No, we do not live in a laissez faire society where the government has no say in how commerce is conducted. There are established laws against price collusion...period. An oligopoly only serves to jack prices up for everyone and should never be tolerated by any free market society. True competition serves society the best.

[Rockrz]

Originally Posted by David M There are established laws against price collusion...period.

That's true, but it takes alot of people being harmed for the government to do anything about it...and in many cases, it takes lawsuits by private groups of people to get the ball rolling. This is how it works from a legal perspective.

There has to be a balance as to how much involvment the government has in commerce. Many times, government involvement does more harm than good. Big government is an enemy to freedom. The people are supposed to rule government, not government ruling the people. Too much government leads to socialism, and then that leads to communism. Not a good thing.

So, ultimately...it's up to the consumer to shop and be on the look out for scams, price fixing, and other forms of fraud.

[David M]

I'm not going to get into the politics at all....as much as I would like to. I was speaking from a purely economic perspective. We think more alike than you imagine and I would be happy to take it up in a more appropriate forum. You may want to consider editing your last post before it becomes cause for this thread to get locked down as well.