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2009-02-03 19:06:00

Two Executives from Taiwan and One Korean Executive Charged in Global Price-Fixing Scheme WASHINGTON, Feb. 3 /PRNewswire-USNewswire/ -- A federal grand jury in San Francisco returned an indictment against two former executives from Chunghwa Picture Tubes Ltd. (Chunghwa) and one former executive from LG Display Co. Ltd. (LG) for their participation in a global conspiracy to fix prices of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels, the U.S. Department of Justice announced...

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2009-01-26 15:15:00

In results that missed even the most pessimistic of expectations, Philips Electronics announced on Monday that it would shed 6,000 jobs after posting a $1.9 billion fourth quarter loss, its first quarterly loss since 2003. The loss included 1.3 billion euros ($1.7 billion) in write-downs, primarily for the company's position in NXP Semiconductors and LG Display and its acquisition of Lumileds acquisition.  The results bring Philips' full-year net loss to 186 million euros ($245...

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2009-01-19 07:29:39

The LCD market has bottomed out and TV panel prices are anticipated to recuperate due to requests for small-sized flat screen TVs, the head of LG Display Co Ltd announced. Chief executive Kwon Young-soo added that mobile display is the focal point of the world's second-largest LCD maker, which primarily produces TVs, computer monitors and notebook panels. The South Korea-based company LG Display announced on Friday its dire quarterly loss, targeted by $400 million U.S. price-fixing fines and...

2009-01-15 16:24:00

WASHINGTON, Jan. 15 /PRNewswire-USNewswire/ -- Executives from LG Display Co. Ltd. and Chunghwa Picture Tubes Ltd. have agreed to plead guilty and serve jail time in the United States for participating in a global conspiracy to fix prices in the sale of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels, the U.S. Department of Justice announced today. According to a one-count felony charge filed today in U.S. District Court in San Francisco, Chang Suk "C.S." Chung, a Korean LG...

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2008-12-10 08:20:00

LG Display Co Ltd and Sharp Corp on Tuesday agreed to plead guilty to charges of price fixing in the market of thin-film transistor liquid crystal displays, according to the U.S. Justice Department. LG Display will pay $400 million in fines "“ the second-largest criminal fine ever imposed by the department, behind a $500 million fine on F.Hoffmann-La Roche, a Swiss pharmaceutical giant. Meanwhile, Sharp agreed to pay $120 million, the Justice Department said. The companies will be...

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2008-11-13 09:05:00

Three Asian electronics companies have agreed to pay $585 million in fines for intentionally driving up the prices of LCD screens. In a plea deal reached on Wednesday, LG Display Co. Ltd., Sharp Corp., and Chunghwa Picture Tubes Ltd. agreed to cooperate in a U.S. Justice Department antitrust investigation. Liquid crystal displays, or LCD's, are used in many laptop computers, cell phones, and TVs. Scott D. Hammond, Deputy Assistant Attorney General, said the scheme cost consumers, and...

2008-09-04 09:00:00

LG Display said it would keep its panel output at 90 percent of normal for now as screen prices remained weak amid sluggish demand for flat-screen TVs and personal computers. LG Display had initially planned to resume full production in September, after cutting output by 10 percent in late July. "We will monitor market conditions to decide when we should resume full production," a company spokesman said, and added that the industry environment appears weaker than earlier thought....

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2005-09-21 13:46:49

AMSTERDAM (Reuters) -- Consumers may still enjoy sharply lower prices of flat panel monitors and LCD TVs during the Christmas peak selling season, because oversupply of panels is bigger than expected, a survey found on Wednesday. The oversupply in the fourth quarter is expected to total 6.2 percent, said U.S. research group iSuppli, raising its estimate from an earlier 4.2 percent. The forecast contrasts with what panel makers have said. Liquid Crystal Display (LCD) producers, such as South...


Word of the Day
conjunto
  • A style of popular dance music originating along the border between Texas and Mexico, characterized by the use of accordion, drums, and 12-string bass guitar and traditionally based on polka, waltz, and bolero rhythms.
The word 'conjunto' comes through Spanish, from Latin coniūnctus, past participle of coniungere, to join together; see conjoin