'Bilateral meetings'
By Dan Goodin, 11th March 2009
A Hitachi subsidiary has agreed to a $31m fine for its role in an industry-wide conspiracy to fix the prices of monitors sold to computer and handset manufacturers. Tuesday's guilty plea by Hitachi Displays came the same day the US Justice Department filed a one-count indictment that claimed the Japanese monitor maker actively sought to drive up the price of thin film transistor liquid crystal display monitors sold to Dell. The company admitted its officials attended "bilateral meetings" to discuss and agree upon prices of LCD monitors sold to Dell. Hitachi becomes the fourth maker of LCD monitors to cop to price fixing charges. LG Display in December agreed to pay $400m to settle similar charges, while Sharp has coughed up $120m after also pleading guilty. Chunghwa Picture Tubes, meanwhile, has been ordered to pay $65m.
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