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Nokia sues 11 LCD makers for colluding on pricing

12/01, 4:45pm

Nokia sues LCD makers for price fixing

The world's largest cellphone maker, Nokia, is suing 11 manufacturers of LCD displays for allegedly colluding on fixing the prices of liquid crystal displays, according to a Tuesday WSJ report (subscription required). In the suit, filed on November 25th in San Francisco, Nokia maintains the companies raised the prices of LCDs above what they would have been in a competitive market, in a period ranging from January 1st, 1996, to December 11th, 2006. Nokia purchased these overpriced LCDs for its smartphones.

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GE sets up venture to make Internet-ready HDTVs

09/23, 4:30pm

GE to get into HDTV market

GE announced on Tuesday it will start selling GE-branded HDTVs as part of a joint venture with Taiwan’s Tatung Company. The newly formed venture is called General Displays & Technologies (GDT), and will produce GE-branded HDTVs with Internet connectivity via an Internet Protocol TV (IPTV) connection. Eventually, say GDT executives, the idea is to allow users to download widgets and services straight to their HDTVs.

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